The Pace of Increase for US Durable Goods Orders Declines in May
US durable goods orders cooled off in June, after the strong surge in May
Skerdian Meta•Monday, July 27, 2020•1 min read
The durable goods orders fell in May and April in the US, during the height of the lock-downs, by 17.7% and 14.7% respectively. But, they started surging once the economy reopened. In June we saw a 15.7% increase, but it was revised lower, while core orders were also revised lower to 3.7% from 4.0%. Today’s report was another positive one, but not as strong as May’s report:
Durable Goods Orders Report, June 2020
- June prelim durable goods orders +7.3% vs +7.0% expected
- Final May reading was +15.7% (revised to 15.1%)
- Ex transport +3.3% vs +3.5% exp (+3.6% prior)
- Capital goods orders non-defense ex-air +3.3% vs +2.4% exp
- Prior capital goods orders non-defense ex-air +1.6%
- Capital goods shipments non-defense ex-air +3.4% vs +2.8% exp
- Prior cap goods shipments +1.5% (revised to +1.6%)
This is a good report overall and slightly ahead of expectations. The 3.3% rise in core capital goods orders is the highlight and shows some confidence from consumers and factories. Core orders missed expectations of 3.5% though, coming at 3.3%, which is still impressive.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals