28 July 2010, 17:59  U.S.: June, Durable goods orders -1.0%m/m

Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow. Demand for durable goods dropped 1 percent last month to a seasonally adjusted $190.5 billion, the Commerce Department said Wednesday. It was the second straight monthly decline and the largest drop since August 2009. Orders for commercial aircraft were down by more than a quarter in June. Without the volatile transportation sector, orders fell by 0.6 percent. Manufacturing has helped drive growth during the early stages of the recovery. A slowdown in orders could be a sign that the recovery is losing strength.

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