WASHINGTON — U.S. May durable goods orders data were weak, posting unchanged overall but off 0.9% excluding transportation, which was down for the first time in the last three months, and 0.6% lower excluding military orders.

Orders have been in a downtrend since January, mainly due to problems in the transportation sector, but this month’s data reflects broader weakness. Primary metals orders printed down 1.3% and machinery fell 5.3%; both areas had posted sharp gains in April.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.