According to the data released by the U.S. Census Bureau News, new orders for all manufactured durable goods increased by 3.4 percent or $7.7 billion to $235.3 billion in June.
New orders of non-military capital goods, excluding aircraft, increased by 0.9 percent.
The increase, following a two consecutive monthly decrease, is boosted by new orders of transport equipment, particularly orders for non-military aircraft.
Orders for transportation equipment increased by 8.9 percent, 66.1 percent of which is from non-defense aircraft and parts, according to the released data.
Bloomberg added that Boeing Co. said they received 161 orders for aircraft in June, a big increase from the 11 orders they receive the previous month. The Chicago-based aerospace company also said that deliveries climbed to 70, following the 60 that the company shipped in May.
The released data also show that orders for automobile and parts increased by 0.2 percent, following a 0.3 percent decrease in May.
The increase in new orders of manufactured durable goods shows that businesses are investing in new equipment, despite the strong dollar and the slowing of foreign economies.
'We're seeing domestic activity continue to push through, despite the headwinds of sluggish global growth and the strong U.S. dollar,'' Gregory Daco, head of U.S. macroeconomics at Oxford Economics USA Inc. in New York, told Bloomberg. "That should allow the economy to move forward at a decent pace."
Bloomberg also adds that the median forecast of the economist they surveyed projected an increase in manufactured durable goods orders would rise to 3.2 percent. Estimates ranged gains of 0.9 percent to 6.4 percent.
Reuters adds that the increase in new orders for manufactured durable goods also shows that the U.S. economy's outlook remains positive.
This supports the view that the Federal Reserve Bank will be raising interest rates later this year. The Federal Reserve's policy-setting committee will be meeting on Tuesday and Wednesday.
