In May, U.S. durable goods orders unexpectedly rose by 0.1%, reaching $283.1bn, led by a 0.6% increase in transportation equipment orders.

U.S. durable goods orders rose unexpectedly by 0.1% in May, reaching $283.1 billion according to the Commerce Department, surpassing economists' expectations of a 1% decrease. This is the fourth consecutive month of growth, driven by a 0.6% rise in transportation equipment orders. The increase excluding transportation equipment orders saw a marginal decrease of 0.1%.

June 27, 2024
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