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QVMS - Durable Goods Orders Remained Strong In May
Invesco S&P SmallCap 600 QVM Multi-factor ETF
New orders for durable goods increased 0.7 percent in May, following a 0.4 percent gain in April, the 11th increase in the last 13 months.
Nearly every major category (six of seven) in the durable goods report showed a gain in May.
Durable goods orders continue to be strong, particularly the core capital goods components, though some of the gains in nominal-dollar orders is due to price increases.