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MW: June durable-goods orders fall sharply
 
By Greg Robb
WASHINGTON (MarketWatch) - Orders for U.S.-made durable goods sank in June, falling 1.0% on weaker demand for airplanes, electronics, and machinery, steel and other long-lasting manufactured products, the Commerce Department reported Wednesday. The decrease far exceeded the expected 1.0% rise forecast by economists surveyed by MarketWatch. It was the largest drop in total orders since August 2009. Excluding transportation, orders fell 0.6%. Shipments fell 0.3% in June and were down 1.3% excluding transportation goods. Inventories rose 0.9% for the sixth straight monthly gain.

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