Durable Goods Orders Decreased in May
New orders for manufactured durable goods decreased 1.1% in May to $228.2 billion, following a 0.9% April decrease, according to the U.S. Census Bureau. New orders excluding defense fell 0.6% on the month, as orders of nondefense capital goods decreased 2.4% to $68.3 billion. Shipments of manufactured durable goods increased 0.8% to $234.9 billion. Inventories