US durable goods orders fall to 6-year low
Economies.com
2020-05-28 12:37PM UTC
At 12:30 GMT, the US economy released its durable goods orders reading, which fell by 17.7% in April, the lowest since August 2014, slightly higher than forecast of a drop by 19%, and worse than the previous reading of 14.7%.
The core durable goods orders (excluding transportation items) fell by 7.4%, better than forecast of a drop by 14.8%, but worse than the previous reading of a drop by 0.4% after it was revised from 0.2%.
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