New orders for U.S. manufactured goods rose 0.9% month over month in July 2026 to $663.6 billion, reversing a 0.2% decline in June and exceeding economists’ 0.6% forecast. Orders were up 6.5% from July 2025. Transportation equipment led the rebound, increasing 2.3% to $116.2 billion, with nondefense aircraft and parts surging 12.7% to $19.8 billion and defense aircraft and parts rising 4.9%. Machinery orders gained 0.8%, while computers and electronic products fell 1.1% but remained up 14.3% year over year. Orders for nondefense capital goods excluding aircraft, a gauge of planned business equipment spending, were flat after an earlier 0.2% estimate; shipments were revised to a 1.2% gain from 1.4%. Shipments of all manufactured goods rose 0.8% to $658.8 billion, while unfilled orders increased 0.6% to $1,600.3 billion and inventories gained 0.4% to $966.9 billion. Manufacturing has expanded for several months, although elevated input costs linked to metals prices, tariffs, energy inflation and the Middle East conflict continue to pressure producers. The Census Bureau is scheduled to release its advance report on August durable-goods orders on September 25, 2026.