US: Durable Good Orders rose 3.6% in May

Fxstreet.com (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have increased 3.6% MoM during May, bettering expectations at 3.0%, and matching 3.6% (revised) in the previous month. If we strip the Transportation sector, orders rose 0.7%, above estimates at 0.0% although below April’s 1.5% (revised).