RSS   Newsletter   Contact   Advertise with us
Post Online Media

Durable goods orders in U.S. fall more than expected

Durable goods orders
U.S. economy   A report from the U.S. Commerce Department

New orders for big-ticket manufactured goods dropped more than expected in May. A report from the U.S. Commerce Department showed that durable goods orders fell 2.2 percent in May.


This followed a revised 3.3 percent increase in the previous month. Economists had expected a drop, but they had generally predicted a more modest retreat.

Durable goods are those items meant to last at least 3 years. Tracking orders for the category is considered a good gauge of the health of the heavy manufacturing sector.

The drop in durable goods orders were impacted by a sharp drop in orders for defense aircraft and parts. This segment alone saw a 34 percent drop from the previous month.

Excluding the transportation sector, durable goods orders were down just 0.3 percent.

 

What to read next
POST Online Media Contact

 
 

POST Online Media does not use cookies to collect information about visitors.   OK, hide this message   Third party ads may be using cookies, you can see how here.