New orders for durable goods rose in October on a surge in commercial aircraft business.
Orders increased about $11 billion, or 4.8%, to $239.4 billion, the US Census Bureau said in a report today. The September figure, originally reported as a slight decrease, was revised to $228.4 billion, a 0.4% gain from the month before.
With the revision, durable goods new orders have increased four consecutive months, the bureau said.
Orders for commercial aircraft and parts nearly doubled in October, to $21.8 billion in October from $11.2 billion the month before.
The overall transportation equipment category rose 12% to $88.2 billion. New orders for motorized vehicles and parts slid 0.6% to $55.2 billion.
Aerospace and automotive have been the strongest performers in manufacturing for more than a year. The auto industry has been aided by record US light-vehicle sales in 2015. Sales remained strong for the first nine months but have softened this fall.
On the other hand, Boeing Co. last month increased its 2016 forecast for commercial aircraft deliveries to 745 to 750 from 740 to 745 previously.
Excluding transportation, new orders rose 1% while excluding defense, new orders increased 5.2%, the bureau said.
Among other categories, new orders for machinery gained 0.2% to $30 billion; fabricated metal products increased 2.2% to $30.8 billion; and primary metals fell 0.1% to $18 billion.