Durable Goods Orders Rise in May Jun 25, 2009

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Orders to U.S. factories for big-ticket manufactured goods rose for a second straight month in May, said the Commerce Department. Demand for durable goods rose 1.8% last month.

Orders for non-defense capital goods jumped 4.8%, the biggest increase since September 2004.

Orders for machinery rose 7.7%, while demand for computers and related products increased 9.4% last month.

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