The orders of durable goods in the USA decreased in June

The orders for durable goods, such as cars, airplanes and computers, dropped 4 percent to 219.8 billion USD after slipping 2.8 percent in May, the Commerce Department said Wednesday. Commercial aircraft orders plunged 58.8 percent. In May, military aircraft orders tumbled 30 percent.

Capital goods orders excluding the volatile aircraft and defense – a proxy for business investment – gained 0.2 percent after two months of declines.

Among the few bright spots in the June report were a 0.8 percent rise in electrical equipment orders and a 2.6 percent increase in motor vehicle orders, both reversing previous decreases. (MTI)