New orders for US manufactured durable goods - – items expected to last at least 3 years – - in June fell $2.0bn or 1.0% to $190.5bn, the US Census Bureau announced today. This was the second straight monthly decline and followed a 0.8% May decrease. Excluding transportation, new orders decreased 0.6%. Excluding defense, new orders decreased 0.7%. Transportation equipment, down four of the last five months, had the largest decrease, $1.1bn or 2.4% to $45.9bn. This was due to nondefense aircraft and parts, which decreased $1.8bn.
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