Total orders for durable goods received by manufacturers in the US, including aircraft and defense, ticked up by 0.3% seasonally adjusted in June from May (blue line). Year-over-year, not seasonally adjusted, total orders jumped by 8.9%, to $360 billion, according to data from the Census Bureau today. The three-month average, seasonally adjusted, which irons out some of the month-to-month squiggles, spiked by 1.4% in June from May and was up by 6.9% year-over-year (red line). But this includes orders for aircraft and defense. When Boeing receives an order for 113 jet aircraft in one month – as it did in June which ... (full story)