According to a report by the US Department of Commerce, orders for durable goods in the U.S. in may fell by 1.1% compared to the previous month.
Analysts predicted the decline in the overall index by 0.5%.
In April, the volume of orders for durable goods decreased by 0.9% (revised (-0.7%).
Excluding the volatile transportation components, orders for durable goods in may increased by 0.1% compared with the previous month, against expected increase by 0.4%. In April, the index decreased by 0.5% (revised (-0.4%).
A key indicator of business investment – the basic volume of orders for durable goods excluding orders for aircraft and military equipment in may fell by 0.2% compared with the previous month, after rising 0.2% in April (revised from 0.0%).