US durable goods orders are coming up next

Industrial production has been a source of strength in economic data so far this year and that’s been one of the main data points used as a push-back against slowing consumer and business surveys.

Today we get a forward-looking industrial indicator with the February durable goods orders report. In truth, this indicator hasn’t been a great one in the post-pandemic period but all numbers are being watched closely at the moment. In this report, the one to key in on is capital goods orders non-defense ex-aircraft. The consensus on it is +0.8% following a +0.2% reading previously.

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