Analysts at TDS note that US durable goods orders fell by 0.6% m/m in May, slightly better than the market consensus for -1.0%.
Key Quotes
“However, core measures were weaker than expected at -0.3% for ex-transport orders and -0.2% for core capex orders (market: 0.5% for both).”
“Meanwhile, the advance goods trade deficit narrowed to $64.8bn from $67.3bn, beating the market consensus for $69.0bn.”
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