Orders for Durable Goods Above Expectations in May

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Economic Update: Orders for Durable Goods

Orders for long-lasting goods increased in May. The Commerce Department reported that Durable Goods orders rose by +1.1% during the month (the first increase in three months), which was above the consensus expectations for an increase of +0.5%.

When you strip out the volatile orders for transportation, orders rose by +0.4%, which was a tenth below the consensus for +0.5% but above last month’s -0.6%.

Finally the proxy for capital spending rose by +1.6%, which was below consensus for +2.0%.

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Other stories on the US Economy to review:

• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Flash PMI in US Shows Manufacturing Growth Slowing
  
• Housing Starts Down But Permits Up Strong
  
• UofM's Consumer Sentiment also Weak
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time
  
• ISM Report Shows Growth Slowing
  
• Q1 GDP Revised Lower

 

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