US Durable Goods Orders Spike 16 Percent in May, Led by Transportation Growth

New orders of manufactured durable goods in the United States jumped 16.4 percent in May, nearly doubling the current forecast and greatly surpassing April’s revised orders, the U.S. Census Bureau reported on June 26.

The monthly advance report from U.S. manufacturers, which could be revised, shows that new orders for durable goods in May increased by $48.3 billion, or 16.4 percent, to $343.6 billion. The consensus forecast had been set at 8.6 percent.