US durable goods orders for April 0.7% versus -0.8% expected
U.S. Durable Goods Defy Expectations: Boom or Bubble?
In April, U.S. durable goods orders rose by 0.7%, outperforming expectations of a -0.8% decline. This increase marks the third consecutive monthly gain, with transportation equipment leading the surge at a 1.2% rise. Excluding transportation, orders still grew by 0.4%, surpassing the anticipated 0.1%. Additionally, shipments rose by 1.2% month-over-month and 2.3% year-over-year. This data, however, is noted for its volatility, as evidenced by last month's preliminary release initially reporting a 2.6% gain, later adjusted to 0.8%.
How did the durable goods orders for the prior month compare to the orders in April?
The durable goods orders for the prior month increased by 0.8%, while in April, they increased by 0.7%.
What was the percentage increase in durable goods orders for April, and how did it compare to the expected percentage?
The percentage increase in durable goods orders for April was 0.7%, which compared to the expected percentage of -0.8%. This means that the actual increase was higher than expected.