US durable goods orders fell sharply in June
|US durable goods orders, for products that are designed to last at least three years, fell 4.0% in June, the US Commerce Department said Wednesday.
This reading came in below the 1.1% drop expected and was the largest decline since August 2014.
Orders for durable goods excluding the transportation fell 0.5% from May against a 0.3% increase expected.
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