Wednesday, July 28, 2010

Durable goods orders fall 1 percent in June

An increase of 1% had been expected.
WASHINGTON (AP) -- Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow.

Demand for durable goods dropped 1 percent last month to a seasonally adjusted $190.5 billion, the Commerce Department said Wednesday. It was the second straight monthly decline and the largest drop since August 2009.

Orders for commercial aircraft were down by more than a quarter in June. Without the volatile transportation sector, orders fell by 0.6 percent.

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