Economic Report: U.S. durable-goods orders sink 4% in June, biggest drop in almost two years

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Orders for durable goods tumbled 4% in June, the worst performance since the summer of 2014.

Orders for durable or long-lasting goods made in the U.S. sank 4% in June, marking the biggest drop in almost two years and reflecting ongoing struggles by American manufacturers to drum up sales.

Economists polled by MarketWatch had expected a seasonally adjusted 1.7% decline.

The only standout performer: Auto makers. Orders for new cars and trucks rose 2.6%, reversing a similar decline in the prior month.

New orders fell most sharply for commercial airplanes and expensive military hardware such as ships, tanks and fighter jets.

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