Durable-goods orders drop 1.3% in May, but business investment picks up in reassuring sign
June 26, 2019 at 08:31 AM EDT
Orders for U.S. durable goods fell 1.3% in May, held down by a canceled deal for Boeing’s troubled 737 Max jet. Yet business investment perked up in a somewhat reassuring sign that companies haven’t frozen spending amid a tense trade fight with China and signs of a slower U.S. economy.
