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2026-05-28 20:40:49
[Durable goods orders unexpectedly jumped 7.9%, initial jobless claims rose slightly, and Q1 GDP was revised down to 1.6%] ⑴ US durable goods new orders jumped 7.9% month-over-month in April to $346 billion, far exceeding market expectations of a 3.5% increase, marking the strongest growth since May 2025. This was mainly reflected in a 21.5% increase in demand for transportation equipment, with non-defense aircraft and parts surging 165.9%. ⑵ US personal spending rose 0.5% month-over-month in April, increasing by $111.1 billion, in line with market expectations. Goods spending increased by $44 billion, with gasoline and other energy goods surging by $28.8 billion due to soaring energy prices caused by the Middle East conflict. Services spending climbed by $67.2 billion, with housing and utilities leading the increase at $22.7 billion. ⑶ US initial jobless claims in the third week of May increased by 5,000 to 215,000, slightly higher than the market expectation of an increase of 1,000, but still far below the level of the same period last year. Continuing jobless claims increased by 15,000 to 1.786 million, in line with expectations. (4) The final reading of the annualized quarterly GDP growth rate in the first quarter of the United States was revised down to 1.6%, lower than the initial reading of 2% but higher than the 0.5% in the fourth quarter of last year. This mainly reflects the downward adjustment of investment and consumer spending.
