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

• 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.