US May durable goods orders +16.4% vs +8.5% expected

• Prior was -6.3% (revised to -6.6%)

• Nondefense capital goods orders ex-air +1.7% vs +0.1% expected
• Prior nondefense capital goods orders ex-air -1.5%
• Ex transport +0.5% vs 0.0% expected
• Ex defense +15.5% vs -7.7% prior

This is a big jump on the headline but assuredly skewed by transport orders — planes and autos — due to tariffs. Still, the core orders number is solid.

This article was written by Adam Button at www.forexlive.com.