United States Durable Goods Orders decline 4.5% in May as expected

US Durable Goods Orders declined sharply in May, as expected.
US Dollar Index stays flat on the day, slightly above 101.50.

Eren Sengezer FXStreet

Durable Goods Orders in the United States (US) declined by 4.5%, or $15.6 billion, in May to $332.1 billion, the US Census Bureau reported on Thursday. This reading followed the 8.5% increase recorded in April and came in line with the market expectation.

"Excluding transportation, new orders increased 1.3 percent," the press releases noted. "Excluding defense, new orders decreased 4.6 percent. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $18.5 billion or 14.0 percent to $113.5 billion."

Market reaction

The US Dollar Index retreats from session highs and was last seen trading flat on the day at 101.57.

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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