Durable Goods Turns Bad

Demand for U.S. manufactured durable goods slid in June for a second consecutive month in another sign the manufacturing sector expansion is slowing.

Durable-goods orders fell by 1% to a seasonally adjusted $190.5 billion, the Commerce Department said Wednesday. Economists surveyed by Dow Jones Newswires expected a 1.1% gain.

The decline was mixed, with some categories of goods in the report rising and others falling.