New orders for manufactured durable goods increased $1.9 billion or 0.7% in April to $284.1 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 0.8% March increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders were virtually unchanged. Transportation equipment led the increase, $1.1 billion or 1.2% to $96.2 billion.
Consumer sentiment declined in June
Preliminary results show consumer sentiment declined 3.5 points in June to 65.6, 1.4 points higher than one year ago. The Current Economic Conditions Index fell 7.1 points from the previous month to 62.5, 6.4 lower than year-ago levels....