The Week Ahead

DURABLE GOODS ORDERS

Wednesday, June 24, 8:30 a.m. EDT -- New orders taken by durable-goods manufacturers probably fell by 0.5% in May, says the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. The decline is a giveback expected after new orders jumped by 2.2% in April, led by the volatile aircraft sector. In addition, the continued fallout from the Asian financial crisis is hitting demand for capital goods.

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