New orders for durable goods dropped 1.1% (month-over-month) in May, although this only partially reverses April’s 3.0% gain (initially reported as 2.8%). The drop came in slightly below market expectations for a 1.4% decline going into today’s report. Excluding the transportation component, orders were up an encouraging 0.9%, which was Read More US Durable Goods … Read More US Durable Goods Orders Drop in May, Weighed Down by Aircraft Orders
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