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US durable goods orders rise more than expected

27 Jun 2022 03:38 PM

US durable goods orders rose more than expected during May, as confidence in the US economy increased, and the easing of fears of a slide into recession.

These data showed that commercial investment succeeded in maintaining its stability so far in the face of the negative repercussions resulting from raising interest rates on economic activity.

US durable goods - items that were supposed to last at least three years - rose 0.7% in May, after previously rising 0.4%.

Core durable goods orders, which excludes aircraft and military equipment, rose 0.5% after rising 0.3% in the previous month.

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