U.S. durable goods orders rise 2.3% in May

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WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose for the 12th time in the last 13 months in May, pulled up by a surge in demand for civilian aircraft. The Commerce Department said Thursday that orders for durable goods — meant to last at least three years — climbed 2.3% in May, reversing a 0.8% drop in April and coming despite a backlogged supply chain and a shortage of workers. Orders for aircraft shot up 27.4% last month after climbing 31.5% in April. Excluding transportation orders — which can bounce wildly from month to month — durable goods ordres rose 0.3% last month.

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