US durable goods orders to decline in May – TDS

Both TD and the wider market are looking for US durable goods orders to decline in May, suggests the analysis team at TDS.

Key Quotes

“TD expects durable orders to fall by 1.5% m/m, with aircraft orders leading the decline, while a pullback in motor vehicles adds to the soft print. The market looks for a more mild decline of 0.7% m/m and also expects a stronger increase in ex-transportation orders (0.4%) than TD (0.2%).”