New orders for manufactured durable goods in May increased, signaling continued growth in the manufacturing sector. The U.S. Census Bureau reported the rise, indicating a positive trend in overall economic activity.

Key Highlights

• The increase reflects sustained demand for durable goods.
• Orders for machinery and equipment contributed significantly to the overall growth.
• This suggests businesses are investing in capital goods.

Economists view this data as an encouraging sign for future economic expansion. The durable goods report is a key indicator closely watched by analysts and policymakers.