US core capital goods orders unexpectedly fall in May

The US Commerce Department said today that core capital goods orders fell 0.1% in May after rising 2.7% in April. Analysts had expected core capital goods orders to rise 0.6% in May. On an annualized basis, core capital goods orders rose 16.3% in the twelve months to May, and core capital goods shipments rose 0.9% in May after rising 1.0% in April.

The data showed that US durable goods orders rose 2.3% in May after declining 0.8% in April, as orders for transportation equipment rose 7.6%, and non-packaged durable goods orders rose 0.8% in May after rising 0.4% in April