FOREX TradingCharts.com

Financial News: U.S. Durable Goods Orders Climb 0.4% In April,

U.S. Durable Goods Orders Climb 0.4% In April, Less Than Expected

05/25/2022 - 09:08:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Wednesday showed new orders for U.S. manufactured durable goods increased by less than expected in the month of April.

The Commerce Department said durable goods orders rose by 0.4 percent in April after climbing by a downwardly revised 0.6 percent in March.

Economists had expected durable goods orders to advance by 0.6 percent compared to the 1.1 percent jump that had been reported for the previous month.

Michael Pearce, Senior U.S. Economist at Capital Economics, said the modest increase in durable goods orders "suggests that rate-sensitive business equipment investment growth is beginning to slow, with underlying capital goods shipments consistent with a sharp slowdown in business equipment investment growth from 15% in the first quarter to something closer to 6% annualized."

"That is consistent with our view that economic activity is bending rather than breaking under the impact of higher rates," he added.

The increase in durable goods orders was led by a rebound in orders for transportation, which climbed by 0.6 percent in April after dipping by 0.3 percent in March.

Orders for non-defense aircraft and parts soared by 4.3 percent in April following an 8.1 percent nosedive in the previous month.

Excluding orders for transportation equipment, durable goods orders edged up by 0.3 percent in April after surging by 1.1 percent in March. Ex-transportation orders were also expected to increase by 0.6 percent.

The report showed notable increases in orders for machinery and primary metals, while orders for fabricated metal products and electrical equipment, appliances and components edged lower.

Orders for non-defense capital goods excluding aircraft, a key indicator of business spending, rose by 0.3 percent in April after jumping by 1.1 percent in March.

Shipments in the same category, which is the source data for equipment investment in GDP, increased by 0.8 percent in April after inching up by 0.2 percent in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


French Inflation Accelerates More Than Forecast; Producer Prices Fall (07 hr(s), 18 min(s), 17 sec(s) ago)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story»

Chicago Business Barometer Drops To Nearly Two-Year Low In June (07 hr(s), 22 min(s), 17 sec(s) ago)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story»

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow (07 hr(s), 24 min(s), 17 sec(s) ago)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story»

Portugal Inflation Highest Since December 1992 (07 hr(s), 23 min(s), 17 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story»

Brazil Unemployment Rate Lowest Since 2015 (07 hr(s), 45 min(s), 17 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story»

U.S. Personal Income Increases 0.5% In May, In Line With Estimates (07 hr(s), 47 min(s), 17 sec(s) ago)
(RTTNews) - Personal income in the U.S. increased in line with economist estimates in the month of ...Full Story»

U.S. Weekly Jobless Edge Down To 231,000 (08 hr(s), 04 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

U.S. Initial Jobless Show Modest Decrease In Week Ended 6/25 (08 hr(s), 30 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

French Inflation Accelerates More Than Forecast; Producer Prices Fall

06/30/2022 - 10:22 AM (RTTNews)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story>>

Chicago Business Barometer Drops To Nearly Two-Year Low In June

06/30/2022 - 10:18 AM (RTTNews)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story>>

Portugal Inflation Highest Since December 1992

06/30/2022 - 10:17 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story>>

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow

06/30/2022 - 10:16 AM (RTTNews)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story>>

Brazil Unemployment Rate Lowest Since 2015

06/30/2022 - 09:55 AM (RTTNews)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.