Durable Goods Orders Fall in May

Washington, DC, June 25, 2014 -- Less defense spending resulted in a drop in durable goods orders in May, according to the Commerce Department.

However, most sectors outside defense and airlines showed improvement

Overall, orders fell a seasonally adjusted 1.0% last month after a revised 0.8% gain in April.

Excluding defense, orders for durable goods rose 0.6% in May.

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