Forexpros – U.S. core durable goods orders increased for the first time in three months in May, while total orders rose more-than-expected, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 0.4% in May, missing expectations for a 0.7% gain.
The previous month’s figure was revised to a 0.6% decline from a previously reported drop of 0.9%.
The report showed that total durable goods orders, which include transportation items, rose by a seasonally adjusted 1.1% in May, beating expectations for a 0.4% increase after dropping at a revised rate of 0.2% in May.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, rose 1.6% last month, missing expectations for a 1.9% increase.
The previous month’s figure was revised to a 1.4% drop from a 1.9% decline.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.16% to trade at 1.2475.
Meanwhile, U.S. stock index futures were mildly higher following the data. The Dow Jones Industrial Average futures indicated a rise of 0.1%, S&P 500 futures pointed to a gain of 0.15%, while the Nasdaq 100 futures pointed to a gain of 0.1% at the open.
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