New orders for U.S.-manufactured durable goods increased 3.6% last month to reach $231 billion, the Commerce Department reported. While May's durable goods followed a similar 3.6% increase in April, it also must be noted that there were large losses in March, said Daniel J. Meckstroth, MAPI's chief economist. "The reasons for the recent volatility are huge swings in aircraft and defense orders," Meckstroth said.

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