USA: Durable goods orders rise again in May

Orders for durable goods in the United States rose again in May, recovering from the first slump of the year recorded in the previous month, according to data released by the Commerce Department on Thursday.

Orders rose 2.3% to $ 253.3 billion in April. However, analysts expect them to increase further (+ 2.8%).

April figures are also revised upwards. The decline is now only 0.8% instead of 1.3%.

Items used for three years or more, such as cars, home appliances or electronics, are considered durable.

Orders rose only 0.3%, excluding orders in the transport sector, which recovered sharply after two consecutive declines.

New orders for transport equipment rose 7.6% to $ 74.2 billion.

Parts and civil aircraft rose even higher, ranging from 27.4% to $ 11.6 billion, a sign of strong demand in hopes of a return to normal in aviation.

Despite the supply chain recession and staff shortages in some sectors, the U.S. economy is advancing rapidly as the epidemic subsides and economic activity increases.

Americans, who saved a lot during the crisis and have benefited from the many generous stimulus packages from the Trump and later Biden administrations, have the money to spend.

To support the recovery and create millions of “well-paid” jobs, US President Joe Biden is now counting on two huge investment plans, one for American families and the other for infrastructure.