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The U.S. Commerce Department released durable goods orders data on Tuesday. The U.S. durable goods orders declined 0.5% in April, missing expectations for a 0.4% decrease, after a 5.1% gain in March.
The decline was driven by lower orders for commercial aircraft. Orders for commercial aircraft declined 4.0% in April.
The U.S. durable goods orders excluding transportation rose 0.5% in April, in line with expectations, after a 0.6% increase in March.
Orders for primary metals declined 2.1% in April, orders for computers dropped 3.4%, while orders for machinery climbed 3.1%.
A stronger U.S. dollar weighs on U.S. exports and makes imports more attractive for consumers in the U.S.
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