WASHINGTON ---Following three months of gains and driven by a sharp monthly fall in defense goods, U.S. orders for durable goods fell in May, Commerce Department data showed Wednesday,
New orders for durable goods fell by $2.4 billion, or 1%, last month from April, when new orders had risen 0.8%.
Nearly all of the fall was in defense goods, and secondly, civilian aircraft.
Orders for defense goods were down $4.0 billion, or 31.4%, and civilian aircraft orders fell by $620 million. Both are key but often very volatile components of the total....More