US May prelim durable goods orders +2.3% vs +2.8% expected

Author: Adam Button | Category: News

May preliminary US durable goods orders report highlights:

durable goods orders
  • Prior was -1.3% (revised to -0.8%)
  • Durables ex transportation +0.3% vs +0.7% expected
  • Prior ex transportation +1.0% (revised to +1.7%)
  • Capital goods orders non-defense ex-air -0.1% vs +0.6% expected
  • Prior capital goods orders non-defense ex-air +2.2% (revised to +2.7%)
  • Capital goods shipments non-defense ex-air +0.9% vs  0.8% expected
  • Prior capital goods shipments non-defense ex-air +0.9% (revised to +1.0%)
Perhaps the poor numbers shouldn't be such a surprise given some of the bottlenecks in the supply chain. Factory PMIs have been extremely strong. Also note the higher revision in the prior core orders.

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