Breaking: US Durable Goods Orders surge by 15.8% in May
|Durable Goods Orders in the United States increased by 15.8% on a monthly basis to $194.4 billion in May following April's decline of 17.7%, the US Census Bureau reported on Thursday. This reading came in better than the market expectation for an increase of 10.6%.
"Excluding transportation, new orders increased 4.0%," the publication further read. "Excluding defense, new orders increased 15.5%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $20.9 billion or 80.7% to $46.9 billion."
Market reaction
The US Dollar Index largely ignored this data and was last seen gaining 0.32% on a daily basis at 97.52.
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