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US Durable Goods Orders Growth to Slow in April

From orbex.com

Aircraft and Vehicle Orders Expected Lower Posing a drag on the durable goods orders, aircraft orders from Boeing and weaker vehicle sales hint towards the smaller pace of growth. The auto vehicle sales for April disappointed expectations. Economists expected to see a rebound in auto sales following the rebound in March. The rebound in March vehicle sales reversed the declines from the previous two months. And economists expected it to continue into April. New vehicle sales dipped 2.3% on the month in April to 1.33 million. The declines in vehicles came despite an extra day during the month, compared to the same ... (full story)

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  • Category: Fundamental Analysis