Durable Goods Orders Decline in June

Washington, DC, July 27, 2011 -- Orders for durable goods fell 2.1% last month, the Commerce Department reported Wednesday.

A key category that tracks business investment plans fell 0.4% in June.

Manufacturing has been the best performer in the two-year-old recovery. But activity slowed in the spring, reflecting in part supply disruptions following the March earthquake and tsunami in Japan.

The 2.1% decline in June orders came after an even bigger 2.5% drop in April.