Thursday, July 30, 2009

Orders for durable US goods down in June

US orders for durable manufactured goods fell in June by 2.5%, the largest amount in the last five months.

Lower demand for air travel led to commercial aircraft orders down 38.5%, while orders for motor vehicles and parts fell by 1%.

Note: If one excludes transportation related goods, orders for durable goods were up by 1.1% in June.

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