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Weak US durable-goods orders show manufacturers still stuck in mud

From morningstar.com

Orders for durable goods such as autos and computers barely rose in May and underscored the ongoing weakness in the industrial side of the U.S. economy. New orders inched up 0.1% in May, the government said Thursday. Economists polled by The Wall Street Journal had forecast a 1.0% drop in durable-goods orders last month. Although the May report was better than expected, the increase in orders in April was revised down to 0.2% from 0.6%. If transportation is set aside, new orders for manufactured goods fell 0.1% in May. Big picture: Manufacturers are unlikely to make a big rebound until the Federal Reserve lowers ... (full story)

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