Durable-Goods Orders Climbed as Business-Investment Boom Continued

Orders for long-lasting manufactured goods rose more than expected in July, while shipments of business equipment surged, offering further evidence that the boom in capital spending and American manufacturing extended into the third quarter.

New orders for durable goods increased 1.1 percent in July to a seasonally adjusted $339.3 billion, the Commerce Department said Wednesday. Economists had forecast an increase of around 0.5 percent.

The increase was the fourth in five months and the strongest since April. The previously reported June increase was revised up to 0.5 percent from 0.3 percent.

Transportation equipment led the July advance, with…

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