US durable-goods orders post biggest gain in 11 years, but it doesn't mean the economy is speeding up | Metals Mine

  • US durable-goods orders post biggest gain in 11 years, but it doesn't mean the economy is speeding up

    From morningstar.com

    Flush of Boeing contrasts mask weakness in business investment The numbers: Orders for long-lasting goods skyrocketed 16% in May to mark the biggest increase in 11 years, but the headline number was exaggerated by a flush of new Boeing contracts that masked ongoing weakness in business investment. The increase in durable-goods orders last month more than offset a 6.6% decline in April. Orders have seesawed this year in response to on-again, off-again U.S. tariffs. The overall trend in orders and business investment, however, remains soft. Many companies have been waiting for a resolution of U.S. trade disputes before ... (full story)

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