SummarySummary Companies Core capital goods orders increase 0.7% in MayShipment of core capital goods rise 0.2%Durable goods orders jump 1.7%WASHINGTON, June 27 (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly rose in May, but the prior month's data was revised down, suggesting that businesses remained cautious about new capital investment because of higher borrowing costs and an uncertain economic outlook. Core capital goods orders increased 0.7% last month. Data for April was revised lower to the core capital goods rising 0.6% instead of 1.3% as previously reported. Economists polled by Reuters had forecast core capital goods orders would be unchanged. Core capital goods shipments are one of the inputs used to calculate equipment spending in the gross domestic product measurement.

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Persons: Rubeela Farooqi, Lucia Mutikani, Chizu Organizations: Commerce Department, Reuters, Federal, Institute, Supply, Transportation, Boeing, Thomson Locations: WASHINGTON, White Plains New York, U.S