Drop in May orders for U.S. capital goods follows April jump

U.S. CAPITAL GOODS orders declined 0.2 percent month to month in May. / BLOOMBERG
NONDEFENSE U.S. CAPITAL GOODS orders, excluding aircraft, declined 0.2 percent month to month in May. / BLOOMBERG
NEW YORK - Orders placed with United States factories for business equipment cooled unexpectedly in May after an upwardly revised April jump that was the largest this year, indicating resilient demand, Commerce Department figures showed Wednesday. Highlights of durable goods (May) Non-military capital goods orders excluding aircraft fell 0.2 percent (est. 0.5 percent gain) after…
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