US: Durable Goods Orders increase by 2.3% in May vs. 2.7% expected

Durable Goods Orders in US rose less than expected in May.
US Dollar Index extends sideways grind below 92.00 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the United States rose by 2.3%, or $5.7 billion, to $253.5 billion in May, the data published by the US Census Bureau revealed on Thursday. This reading came in weaker than the market expectation for an increase of 2.7% and followed a 0.8% decline recorded in April.

"Excluding defense, new orders increased 1.7%," the publication further read. "Transportation equipment, up following two consecutive monthly decreases, led the increase, $5.2 billion or 7.6%, to $74.2 billion."

Market reaction

The US Dollar Index paid little to no attention to this report and was last seen posting small daily losses at 91.73.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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