US durable goods orders fall 2.2% in May

Ani Salama FXStreet

Durable goods orders, which group products that are designed to last at least three years, decreased a seasonally adjusted 2.2% in May, to $230.7 billion, the US Census Bureau said Friday. The reading missed by far expectations of a more modest decline of 0.5%.

Orders for durable goods excluding the transportation category fell 0.3% from the prior month, worse than a flat reading expected.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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