New orders for U.S. manufactured durable goods spiked by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday.The report said durable goods orders soared by 16.4 percent in May after tumbling by a revised 6.6 percent in April.Economists had expected durable goods orders to surge by 8.5 percent compared to the 6.3 percent slump that had ...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.