Durable goods orders jumped 6.5% in June, following upward revisions to May. A 131% increase in orders following the Paris Air Show was a major contributor to those gains. Boeing alone reported $37 billion in new orders. Aircraft orders have long lead times, however, taking as many as five years to complete. They are also subject to last minute cancellations. Core durable goods orders, excluding the volatile aircraft and defense sectors, actually contracted by 0.1% during the month.