The Journal of Commerce--Orders to U.S. factories for big-ticket manufactured goods dropped 1 percent last month, the second straight monthly decline and the largest drop since August 2009, the Commerce Department said.
Excluding the volatile defense and aircraft categories, however, capital equipment orders rose 0.6 percent in June, after a 4.6 percent jump in May. These orders rose at a 25.1 percent annualized rate in the second quarter, up from 15.1 pecent in the first quarter, and are now more than halfway back to their previous peak. Read more here.
Excluding the volatile defense and aircraft categories, however, capital equipment orders rose 0.6 percent in June, after a 4.6 percent jump in May. These orders rose at a 25.1 percent annualized rate in the second quarter, up from 15.1 pecent in the first quarter, and are now more than halfway back to their previous peak. Read more here.
