Durable Good orders MUCH! better than expected..

• New order for Durable goods rose much much better than expected at 1.8% change in May vs. –0.6% in May.
• New orders excluding transportation rose 1.1% in May compared with a forecast for a –0.4% decline.
• Orders excluding defense were 1.4% higher, vs. a -0.4% expected drop.
• Non-defense capital goods, excluding aircraft, jumped 4.8% in May, the largest gain since Sept 2004, when they were up 8.2% in May.
• Orders from Motor Vehicles and parts dropped -8.1% in May.
• Shipment of durable goods fell –2.1% in May, after falling –0.5% the month before.

Source: CNN Money & Barron's