Here come durable goods ...
Economists forecast that durable goods orders fell 0.5% after a 3.4% rise, according to Bloomberg.
Capital goods orders for non-defence items excluding aircraft are expected at 0.4%, while shipments of the same category are forecast at 0.3%.
Durable goods orders excluding the transportation category are forecast at 0.1%.
"Incoming data on the industrial sector have been mixed but on balance tilted to the downside, Nomura's Michael Loo wrote in a note.
"A slowdown in motor vehicle assemblies plus a slowdown in nondefense aircrafts orders in May support our call for a sharp decline in durable goods transportation orders."
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