Washington: US new durable goods orders dropped 9.3% in June compared to the previous month, marking the largest decline in more than five years, according to data released Friday by the Census Bureau. New orders for manufactured durable goods, which measure the change in the value of new purchase orders placed with manufacturers, fell $32.1 billion to $311.8 billion.

According to Anadolu Agency, the figure reversed an upwardly revised 16.5% rise in May and was below the forecast of a 10.4% fall for June. Transportation equipment led the decline in June, falling 22.4%, with significant decreases in nondefense aircraft and parts at 51.8%.

Orders also fell significantly for capital goods, showing a 22.2% decrease, and nondefense capital goods at 22%. Excluding defense orders, new orders decreased 9.4% month-on-month in June.