Core Durable Goods Orders 27/7/2022

This indicator is derived from durable goods orders from which transportation items are omitted. Demands for aircraft increase at periodic intervals and can completely distort the general trend of this indicator
New orders for US-made capital goods rose 0.7% per month in May of 2022, the third consecutive month of gains. The numbers beat market expectations for a 0.1% rise, a sign that business spending plans remain solid so far despite rising interest rates and inflation. Transportation equipment orders led the increase (0.8%), followed by capital goods (0.8%), machinery (1.1%), and computer and electronics (0.5%). Non-defense capital goods orders excluding aircraft, a proxy for investment in equipment, rose 0.5%, after a 0.3% increase in April.

Expectations for today's statement indicate a rate of 0.2%, a decline from the previous data, which was 0.7%.

The statement will be issued at exactly three thirty in the evening Mecca Al-Mukarramah time