Pursuits
Orders for U.S. Capital Goods Rise as Investment Stabilizes
U.S. Durable Goods Orders Decline 1.8% in May
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Orders for business equipment rose in May for just the second time this year, indicating demand for American-made manufactured goods is stabilizing.
Bookings for non-military capital goods excluding aircraft rose 0.4 percent last month after a 0.3 percent decrease in April, data from the Commerce Department showed Tuesday in Washington. Orders for all durable goods -- items meant to last at least three years -- declined 1.8 percent, reflecting a drop in the volatile aircraft category.