US: Expect a slight increase of 0.2% m/m in goods orders in May – Danske Bank

Analysts at Danske Bank estimate a slight increase of 0.2% m/m in US goods orders for the month of May. 

Key Quotes

“In the US, we are set to receive core capex goods orders for May. The new orders component has levelled off recently, in line with the general cooling of the manufacturing sector. We estimate a slight increase of 0.2% m/m in goods orders in May.”