Orders for long-lasting U.S.-manufactured goods fell in June, dragged lower by a sharp drop in commercial aircraft bookings that erased the prior month’s surge, while broader measures of business investment remained relatively stable.
The Department of Commerce said on July 25 that durable goods orders fell by 9.3 percent last month after a revised 16.5 percent jump in May. Excluding defense, orders were down 9.4 percent.
