Durable goods purchased dropped 1.7% in May, compared with a 0.3% decrease in April.
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And judging by their orders of durable goods, businesses may be scaling back spending.
Durable goods orders for October got things started although the effects of Hurricane Sandy were dominant.
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The Commerce Department said Wednesday that orders for durable goods declined 5.7 percent in March.
They are also likely to have fewer children as well as own major household durable goods.
And orders for non-durable goods, such as processed food and clothing, also rose - by 0.8%.
In addition, orders for U.S. durable goods rose 1.6% in June, also exceeding expectations.
Orders for durable goods also increased in January, according to government data released Thursday.
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Friday's upbeat report came as the Commerce Department reported solid durable goods orders in March.
Durable goods, as in Boeing and Caterpillar, are double-weighted, while technology is half its index weighting.
Also, inventories of manufactured durable goods rose in December to the highest level on record.
Durable Goods Orders fell an unexpected 4.0% in January, after rising 3.2% in December.
Consumer-goods orders fell 1.9%, with consumer durable goods orders falling 0.7% and non-durables down 2.2%.
September new home sales and durable goods orders data will be published on Wednesday.
Next week brings durable goods orders and the revision to first quarter U.S. gross domestic product.
When people move, they tend to buy durable goods such as furniture, fridges and carpets.
May durable goods orders were revised down slightly, as well, to a 1.5% gain.
Durable goods orders fell slightly in August, and the rapid growth in car sales tailed off sharply.
The overall decline in durable goods was exacerbated by a 48.2 percent fall in commercial aircraft orders.
On Friday comes the durable goods report, as well as the final reading on first-quarter GDP growth.
The stock market was hit with many negatives this week, including weaker-than-expected durable goods and GDP numbers.
MarketWatch expects a drop in April durable goods orders of 3%, versus the 4.1% rise in March.
U.S. economic data due for release Friday includes durable goods orders and the gross domestic product report.
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This week, we have new home sales on Wednesday, followed by jobless claims and durable goods Thursday.
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Durable goods orders, however, increased by 5.6 percent, short of the 5.7 percent gain reported a week ago.
Separate data on Tuesday from the Commerce Department was more positive, showing a rise in durable goods sales.
Stocks are mixed midday on drop in pending home sales and unexpectedly positive durable goods orders for December.
Peters said the upcoming durable goods and consumer confidence numbers will determine whether today's rally figures are sustainable.
Also on the economic front, durable goods orders gained 0.2 percent in April, according to the Commerce Department.
Half of them say they have enough money for food and clothes but struggle to buy durable goods.
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