Economy
July 27, 2016
Durable Goods Orders Fall in June
Written by Sandy Williams
Durable goods orders fell sharply in June to $9.3 billion or a seasonally adjusted 4.0 percent. Orders were down for the second month with transportation equipment leading the decrease. May’s estimate was revised downward to 2.8 percent.
Demand was weaker in June for civilian aircraft and defense, which fell 58.8 percent, and 20.7 percent, respectively. Orders, excluding transportation, fell 0.4 percent from May, and excluding defense were down 3.9 percent.
