USA Durable Goods Orders Preview

USA Durable Goods Orders Preview

US Durable Goods Orders are expected to continue to recover, but business executives hesitate to allocate scarce resources to investment and staff until the direction of the economy is clear. FXStreet analyst Joseph Trevisani believes that the dollar is unlikely to win on the endorsement of durable goods. “Orders for durable goods fell 18.3% in April and 16.7% in March. This pace is expected to drop to 6.5% in June, although there is room for improvement. May consensus forecast by 10.9% decreased by 44%. Orders outside the transport sector are expected to increase by 3.7% in May and 10.1% in March and April. Old aircraft of non-defense capital goods, which are a proxy for commercial spending, are expected to climb to 1.5% after gaining 1.6% in June and 7.9% loss in March and April. " “The continued increase in consumer spending in June is likely to release commercial credit cards. However, given the recent trauma, it is possible for managers to be very cautious about recruitment and investment, and it is probably more understandable. The problem with the economy is that these expenditure decisions are those that lead people to employment. " “It seems that durable goods for markets and the dollar will not bring a new flow of information. Even if it is much better than expected, it will only validate retail figures. If it is unexpectedly worse, recent dollar sales will look forward-looking. "