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Here come durable goods ...

Akin Oyedele   

Here come durable goods ...
Stock Market2 min read

alcoa aluminum round

Sean Gallup/Getty

A worker performs a quality inspection on forged aluminum truck wheels along the manufacturing line at the Alcoa aluminum factory October 24, 2006 in Szekesefehervar, Hungary. Alcoa bought the factory, once one of the main suppliers of semi-finished aluminum in the former East Bloc, in 1993.

The Commerce Department will release its advance report on durable goods orders during May at 8:30 a.m. ET.

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."

Refresh this page for the latest at 8:30 a.m. ET.

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