New orders climbed 8.2% month over month to reach $642 billion in May. Purchases of transportation equipment led the growth in durable-goods orders, which rose by 16%. Orders for nondurable goods also ...

Measures of general business activity and new orders returned to expansionary territory, though the survey's gauge of employment sank into contraction for the third time in four months, ISM said.

The large service side of the economy rebounded in June after a brief slump in the prior month when U.S. trade wars were at their zenith and companies were paralyzed by indecision. The services index ...