Durable Goods Orders in the United States declined by 4.5% in May, amounting to a $15.6 billion decrease to $332.1 billion, according to the US Census Bureau. This drop follows an 8.5% increase in April and aligns with market expectations [1]. When excluding transportation, new orders actually increased by 1.3%, while excluding defense, new orders decreased by 4.6% [1]. The transportation equipment sector was the primary driver of the overall decline, falling by $18.5 billion or 14.0% to $113.5 billion after two consecutive months of increases [1].
In terms of market reaction, the US Dollar Index retreated from session highs and was last seen trading flat on the day at 101.57 [1]. No forward-looking statements or analyst opinions were provided in the source article [1].
CONCLUSION
US Durable Goods Orders declined in May as anticipated, with transportation equipment leading the decrease. The market reaction was muted, as reflected by the flat performance of the US Dollar Index.