June durable goods orders drop 2.5%
Fueled by dive in transportation sector bids, decline far exceeds forecast
Posted: July 30, 2009 at 4:44 a.m.
A 2009 Pontiac G5 coupe (foreground) sits on a lot at a General Motors dealership in Englewood, Colo., earlier this year. Vehicle orders fell by 8.7 percent in May and by 1 percent in June.
Orders to U.S. factories for big-ticket durable goods fell in June by the largest amount in five months, reflecting the continuing troubles in the auto industry and a steep drop in demand for commercial aircraft.
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Business, Pages 23, 24 on 07/30/2009
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