US durable goods orders to decline in May – TDS

Sandeep Kanihama FXStreet Contributor

Both TD and the wider market are looking for US durable goods orders to decline in May, suggests the analysis team at TDS.

Key Quotes

“TD expects durable orders to fall by 1.5% m/m, with aircraft orders leading the decline, while a pullback in motor vehicles adds to the soft print. The market looks for a more mild decline of 0.7% m/m and also expects a stronger increase in ex-transportation orders (0.4%) than TD (0.2%).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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