US durable goods orders rose 16.4% mom to USD 343.6B in May, well above expectation of 6.8% mom. Ex-transport orders rose 0.5% mom, above expectation of 0.1% mom. Excluding defense, new orders increased 15.5% mom. Transportation equipment, up five of the last six months, led the increase, by 48.3% mom to USD 145.3B.
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