Durable goods orders edge up 0.1% in May

Investing.com -- Orders for long-lasting U.S. manufacturing goods unexpectedly rose in May, but slowed versus the prior month, in a potential sign of sluggishness in industrial activity.

New orders for durable goods increased by 0.1% last month, slowing from a downwardly-revised mark of 0.2% in April, according to data from the Census Bureau on Thursday.

Economists had expected the figure, which includes orders for items like washing machines and airplanes, to decrease by 0.5%.

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