Durable Goods Orders Unchanged in May

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Durable goods orders were unchanged in May, the Commerce Department said Wednesday.

Excluding transportation orders, which tend to be volatile, bookings for goods meant to last several years fell 0.9%, to $213.6 billion, Commerce said.

The reading matched economist’ forecasts, Bloomberg reported.

Durable goods are those meant to last for several years, including large items like refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.



 

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