The US Department of Commerce released data on durable goods orders for May.
Accordingly, orders for durable goods increased by 1.7 percent compared to the previous month and reached $ 288.2 billion in May.
During this period, orders were expected to decrease by 1%.
Orders for durable goods rose 1.2 percent to $283.2 billion in April.
Orders for transportation equipment increased 3.9 percent to $102.6 billion in May. Orders excluding transportation increased by 0.6 percent in the same period, while orders excluding defense increased by 3 percent.
Orders for durable consumer goods, which consist of products with a life span of at least 3 years, are important in terms of providing information on industrial production.