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US: Durable Goods Orders rise by 3.4% in January vs. 1.1% expected

From fxstreet.com

Durable Goods Orders in the United States rose by 3.4%, or $8.5 billion, in January to $25.6.6 billion, the data published by the US Census Bureau showed on Thursday. This print followed December's increase of 1.2% and beat the analysts' estimate of 1.1% by a wide margin. Additional takeaways • "Excluding transportation, new orders increased 1.4%." • "Excluding defense, new orders increased 2.3%." • "Inventories of manufactured durable goods in January, down two consecutive months, decreased $1.4 billion, or 0.3%, to $424.3 billion." The US Dollar Index showed no significant reaction to this report and was last seen ... (full story)

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