Analysts at Nomura note that the total durable goods orders of US fell 1.7% m-o-m in April, lowered by a sharp decline in orders of transportation equipment (Nomura: -1.2%, Consensus: -1.3%). Key Quotes “Transportation goods orders fell 6.1% m-o-m as civilian aircraft orders, typically volatile, fell 29% m-o-m.” “Durable goods orders excluding volatile transportation equipment, a better indicator of current activity, rose 0.9% m-o-m during the month, above our and market expectations (Nomura: 0.6%, Consensus: 0.5). This reading appears consistent with the steady pickup in economic momentum after a slightly weaker-than-expected Q1. In addition, the March estimate was revised up to a 0.4% m-o-m increase (previously reported as 0.1%). This report shows solid industrial sector activity moving into Q2.” “GDP tracking update: The gain in orders of core capital goods was stronger than we expected in April, implying healthy growth in equipment investment in Q2. However, while inventories of durable goods at factories rose mostly in line with our expectations in April, modest upward revisions created a higher jumping-off point from Q1, reducing the change in inventories in Q2. Altogether, our Q2 real GDP tracking estimate is unchanged at 3.4% q-o-q saar. Q1 estimate is also unchanged at 2.1% q-o-q saar.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next International trade declines 1.2% as US trade policy casts shadow ahead – ING FX Street 5 years Analysts at Nomura note that the total durable goods orders of US fell 1.7% m-o-m in April, lowered by a sharp decline in orders of transportation equipment (Nomura: -1.2%, Consensus: -1.3%). Key Quotes "Transportation goods orders fell 6.1% m-o-m as civilian aircraft orders, typically volatile, fell 29% m-o-m." "Durable goods orders excluding volatile transportation equipment, a better indicator of current activity, rose 0.9% m-o-m during the month, above our and market expectations (Nomura: 0.6%, Consensus: 0.5). This reading appears consistent with the steady pickup in economic momentum after a slightly weaker-than-expected Q1. In addition, the March estimate was revised up… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.