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With the cost of military equipment rising faster than inflation, European countries plainly need to find greater economies of scale.
Despite private consumption and investment in construction and industrial equipment rising, Germany's growth was held back by a fall in exports.
Similar(55)
Inventories of computer equipment rose 3.7 percent for a second month.
Caterpillar, which makes heavy equipment, rose 48 cents to $87.14.
Orders for automotive equipment rose 3.5percentt in May.
Profit on health care products, like ultrasound equipment, rose modestly compared with a year ago.
Sales of equipment rose 10 percent in Western Europe and 38 percent in India.
Excluding transportation, durable goods orders were down 0.7percentt, while orders excluding military equipment rose 0.2percentt.
Orders for communications equipment rose 12percentt, after an 11percentt decline in March.
Wholesale stockpiles of electrical equipment rose 1percentt in November after October's 2.7percentt increase.
Last quarter, he said, orders for semiconductor equipment rose 44percentt and telecommunications orders were up 11percentt.
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