(wire)
Durable goods orders fall in June
New orders for durable U.S. manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August, according to the Commerce Department.
Durable goods orders fell 1.0 percent in June after a revised drop of 0.8 percent in May.
Orders had been expected to rise due to 49 orders for civilian aircraft received by Boeing Co in June, up from only five in May.
However, non-defense aircraft orders plummeted 25.6 percent in June after a decline of 30.2 percent the month before. Overall orders also fell due to booking for computers and electronic products, which experienced their largest decline since October.
Meanwhile, orders for machinery saw their largest decline in 14 months, while orders for primary metals fell by the largest amount since March 2009.
Durable goods orders fell 1.0 percent in June after a revised drop of 0.8 percent in May.
Orders had been expected to rise due to 49 orders for civilian aircraft received by Boeing Co in June, up from only five in May.
However, non-defense aircraft orders plummeted 25.6 percent in June after a decline of 30.2 percent the month before. Overall orders also fell due to booking for computers and electronic products, which experienced their largest decline since October.
Meanwhile, orders for machinery saw their largest decline in 14 months, while orders for primary metals fell by the largest amount since March 2009.
