Farnborough Show Orders Boost U.S. Manufacturing Data

AINonline
New Boeing airliner orders announced at July's Farnborough International Air Show gave U.S. durable goods manufacturing totals for last month a welcome and significant boost.
August 26, 2014, 2:06 PM

The healthy crop of new airliner orders announced by Boeing during July’s Farnborough International Air Show made a big impact on U.S. trade figures. New Department of Commerce data on manufactured durable goods revealed that orders announced at the biennial show for at least 228 new Boeing aircraft saw total orders in this sector rise by 22.6 percent in July to total $300.1 billion. Economists had predicted a rise of around 8 percent, suggesting that they had not anticipated the full extent of the Farnborough show boost.

U.S. engine makers, most notably GE Aviation, also achieved strong sales at the Farnborough show. 

Removing aircraft orders from the July statistics, durable goods orders in the U.S. would have increased only by 0.8 percent.

The numbers released in the department’s U.S. Census Bureau News on August 26 showed that orders for “non-defense aircraft and parts” placed during July were worth $70.3 billion (compared with $16.8 billion in June and $15.1 billion in May).

FILED UNDER: 
Share this...

Comments

No Avatar
aventhusiast
on August 27, 2014 - 3:41pm

These numbers demonstrate how significant a contribution commercial aerospace makes to the US economy.

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X