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Durable Good Orders increased more than expected

Thursday, May 26 2016
Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over. The Commerce Department said on Thursday orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 3.4% last month after an upwardly revised 1.9% increase in March. Smaller increase by 0.3% was expected.
Separate report showed that in the week ending May 21, the advance figure for seasonally adjusted initial claims was 268,000, a decrease of 10,000 from the previous week's unrevised level of 278,000. The 4-week moving average was 278,500, an increase of 2,750 from the previous week's unrevised average of 275,750. There were no special factors impacting this week's initial claims. This marks 64 consecutive weeks of initial claims below 300,000, the longest streak since 1973.  
 
Euro is currently being traded few points above 1.1160 level, Sterling is around 1.4660 handle, while Aussie is at 0.7220 area.
More in this category: « UK GDP rose by 0.4% Pending Home Sales climbed 1.4% »

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