US durable goods orders preview

From businessweek.com

U.S. business orders for long-lasting manufactured goods likely rose in May, driven by demand for aircraft. But a key category of orders that reflects business investment plans is expected to be weak. Economists predict that orders for durable goods rose 2.5 percent in May from April, according to a survey by FactSet. The Commerce Department will release the report at 8:30 a.m. EDT Tuesday. In April, orders for durable goods — products ranging from airplanes to refrigerators — rose 3.5 percent after a sharp decline in March. An increase in May would mark the first time since fall that orders have risen in ... (full story)