Economy
June 26, 2019
Durable Goods Orders Fall, But Show Promise for Business Investment
Written by Sandy Williams
Manufactured durable goods orders declined in May by 1.3 percent to $243.4 billion, reported the U.S. Census Bureau. Orders have fallen in three of the last four months and the decline was steeper than expected in May.
Civilian aircraft orders were to blame for much of the decline, plummeting 28.2 percent on difficulties at Boeing with their 737 MAX aircraft. Excluding the volatile transportation category, orders decreased 0.6 percent in May.
