USA: durable goods orders rise slightly
(CercleFinance.com) - Durable goods orders in the USA rose only slightly in May, showing a trend in line with previous months.
The Commerce Department reported on Thursday a 0.1% increase in durable goods orders last month, following a 0.2% gain in April.
This is the fourth consecutive month of slowing statistics.
New orders for durable goods excluding transport, a barometer deemed reliable for the evolution of business investment, fell by 0.1%, whereas economists were forecasting a 0.1% rise.
Demand for IT equipment (+1.3%) and cars (+0.7%) led the rise in durable goods orders.
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