U.S. Orders For Durable Goods Fell In June

Bloomberg reported that orders for U.S. durable goods made an unexpected drop in June, raising that a risk of slowdown in business investment will weigh on the world's largest economy in the second half of the year.

The Commerce Department said today in Washington that bookings for goods were intended to last around three years dropped 2.1% following a 1.9% increase profit. The demand for business equipment including computers and machinery, also fell.

Manufacturers faced a slowdown in consumer costs just as they are suspended to bounce back from the shortages in parts caused by the earthquake in Japan. Also, companies are cutting back in hiring, which can further temper household demand.

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