June durable-goods orders up 1.6%

WASHINGTON (MarketWatch) -
Orders for U.S.-made durable goods rose 1.6% in June on stronger demand for airplanes and defense equipment, the Commerce Department reported Thursday
The overall increase in June was stronger than expected
Economists polled by MarketWatch expected a 0.6% rise in durables
Orders in May were revised up to a 1.6% gain from the previous estimate of a 1.3% increase
Details of the report were weaker than the headline suggested
Most other categories of orders were lower
Excluding defense goods, orders were down 0.7%
Excluding transportation equipment, orders were down 1.1%
Shipments rose 0.1% in June. Inventories rose 0.3%.
Orders for core capital goods fell 1.4% in the month, the second decline in the past three months