Orders for Durable Goods in the US Fell
Orders for durable goods in the US unexpectedly fell in May. The report showed that the acceleration of economic growth in the second quarter may not be as fast as expected.
Data from the Commerce Department showed that non-defense capital goods orders, excluding aircraft, declined by 0.2%.
Core capital goods orders were revised upward and showed an increase of 0.2% for April. They were previously reported to have risen by 0.1%. Economists predicted that core capital goods orders will grow by 0.3% in May.