US February durable goods orders +0.9% vs -1.0% expected


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  • Prior was +3.2%
  • Nondefense capital goods orders ex-air -0.3% vs +0.2% expected
  • Prior nondefense capital goods orders ex-air +0.8% (revised to +0.9%)
  • Ex transport +0.7% vs +0.2% expected
  • Ex defense +0.8% vs +3.5% prior

This is a solid number but the core orders are weaker than the headline suggests. Still, that’s coming off a prior number that was strong and revised slightly higher.

This article was written by Adam Button at www.forexlive.com.

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