) -- Durable goods orders unexpectedly fell in June, according to a government report released Thursday, adding to a growing weight of evidence showing slowing economic growth, as an abrupt fall in commercial aircraft orders dragged on results.
New requests for durable goods, or those enduring, factory-made items, fell by 1%, or $2 billion, to $190.5 billion in June, the Commerce Department said. Wall Street was looking for durable orders to increase 1% during the month, according to consensus projections provided by Briefing.com.
In May, durable goods orders also dropped 0.8%.
But after stripping out potentially combustible transportation orders, durable goods orders still fell a disappointing 0.6% in June. The market had expected that gauge to increase by the same amount.
Within the transportation segment, commercial aircraft orders fell 25.6% last month, though demand for cars and defense-related planes and parts gained 2.5% and 6.5%, respectively.
According to the government's release, machinery orders fell 0.7%. New requests for computer and electronic products declined by 1.9%, though computer orders alone gained 2.5%.
Nondefense capital goods excluding aircraft, a measure that many use as an indicator of general business spending, increased 0.6% last month.
The report went on to show shipments for factory made goods dropped 0.3% in June, while inventories climbed higher by 0.9%.
Elsewhere in the industrial space,
said waning plane deliveries drove profit down 21% to $1.06 a share in its most recently completed quarter. Though earnings managed to beat estimates calling for $1.01 a share, revenue came up lighter than expected.
--Written by Sung Moss in New York