Breaking: US Durable Goods Orders surge by 15.8% in May

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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