Released on 6/24/2009 8:30:00 AM For May, 2009 Prior Consensus...

Released on 6/24/2009 8:30:00 AM For May, 2009
Prior Consensus Consensus Range
New Orders - M/M change 1.9 % -0.5 % -2.0 % to 1.0 %


Market Consensus Before Announcement
Durable goods orders rebounded a revised 1.7 percent in April, following a 2.2 percent drop in March. Excluding the transportation component, new durables orders gained a revised 0.4 percent after declining 2.8 percent the month before. The rebound in new orders was broad-based. Manufacturing surveys have been mixed on new orders. The ISM new orders index crossed into positive territory in May, rising to 51.1 from 47.2 the month before. New orders indexes for the Philly Fed and New York Fed have been improving but remained just below break even in May and June