Orders rose 2.3% from April to $ 253.3 billion. Analysts, however, expected to see them increase further (+ 2.8%).
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Durable goods orders in the United States rebounded in May, rebounding from their first decline in a year recorded the previous month, according to data released Thursday by the Commerce Department.
Orders rose 2.3% in May from April to $ 253.3 billion. Analysts, however, expected to see them increase further (+ 2.8%).
The figures for April have also been revised upwards. The decline is now only 0.8% instead of 1.3%.
Goods considered durable are those used for three years or more such as cars, household appliances or electronics.
Excluding orders in the transport sector, which recovered sharply after two consecutive declines, orders rose only 0.3%.
New orders for transportation equipment rose 7.6% to $ 74.2 billion.
Those of parts and civil aircraft jumped even more, appreciating 27.4% to 11.6 billion dollars, a sign of robust demand with the hope of a return to normalcy in air traffic.
Despite supply chain slowdowns and staff shortages in some sectors, the U.S. economy is rebounding at high speed as the pandemic subsides and economic activity picks up.
Americans, who saved a lot during the crisis and benefited from several generous stimulus packages from the Trump and then Biden administrations, have money to spend.
To support the recovery and create millions of “well-paid” jobs, US President Joe Biden is now counting on two gigantic investment plans, one for American families and the other in infrastructure.
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