"US Durable Goods Orders Surpass Expectations with 0.7% Increase in April"
Originally Published 1 year ago — by ForexLive
US durable goods orders rose by 0.7% in April, surpassing the expected -0.8%, marking the third consecutive monthly increase. Transportation equipment led the rise with a 1.2% gain. Excluding transportation, orders were up 0.4%, and shipments increased by 1.2% month-on-month. However, these figures can be volatile, as evidenced by last month's preliminary 2.6% gain being revised down to 0.8%.