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US durable goods orders continue to decrease in May

by ChemOrbis Editorial Team -
  • 28/06/2017 (11:39)
According to the data from US Commerce Department, durable goods orders in the US continued to decrease by 1.1% in May on a monthly basis after a revised decrease of 0.9% in April. However, this decrease beat the estimates of a fall of 0.6%.

The decline in durable goods orders in May was driven by a sharp fall of 3.4% in orders for transportation equipment in the same month following a drop of 1.8% in the previous month. Under this segment, the largest decreases were seen in the orders for defense and non-defense aircraft and parts by 30.8% and 11.7%, respectively. Excluding orders for transportation, durable goods orders were up slightly by 0.1% in May after a drop of 0.5% in the previous month.

The data showed that capital goods orders also posted a decrease of 3.1% in May from a fall of 2% in the previous month.
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