Photo: gotfirth / flickr
ORIGINAL POST: First big economic report of the day: Durable Goods Orders for may.Analysts are expecting a 0.5% increase. That would represent an improvement from the 0.2% increase in the month before.
This number is always pretty volatile, and frequently has a lot to do with Boeing sales.
We’ll have the number live at 8:30 AM ET.
The number is out, and it’s pretty good, though not amazing.
Durable Goods orders for May rose 1.1%., which was well above the expectations of 0.5%.
But last month was revised down from 0.2% growth to -0.2%.
And excluding transportation orders, the number came in at +0.4%, below the 0.7% growth that was expected.
more to come…