US Durable Goods Orders decline by 6.3% in April vs. -7.9% expected

Durable Goods Orders in the US declined less than expected in April.
The US Dollar Index stays in positive territory above 99.00.

Eren Sengezer FXStreet

Durable Goods Orders in the United States (US) declined by 6.3%, or $19.9 billion, in April to $296.3 billion, the US Census Bureau reported on Tuesday. This reading followed a 7.6% increase (revised from 9.2%) reported in March and came in slightly better than the market expectation for a decrease of 7.9%.

"Excluding transportation, new orders increased 0.2%," the press release read. "Excluding defense, new orders decreased 7.5%. Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $20.3 billion, or 17.1% to $98.8 billion."

Market reaction

The US Dollar Index holds its ground following this data and was last seen rising 0.37% on the day at 99.30.

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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