U.S. Durable Good Orders -1.0% for December M/M

Durable Goods Orders

Released On 2/27/2014 8:30:00 AM For Jan, 2014 Prior Prior Revised Consensus Consensus Range Actual New Orders - M/M change -4.3 % -5.3 % -1.6 % -4.8 % to 2.0 % -1.0 % Ex-transportation - M/M -1.6 % -1.9 % -0.4 % -1.5 % to 0.5 % 1.1 %

Highlights Despite bad weather, there are signs of improvement in manufacturing-after looking beyond a negative headline number. New factory orders for durables in January decreased 1.0, following a drop of 5.3 percent in December. Expectations were for a 1.6 percent decline. The transportation component fell a monthly 5.6 percent after plunging 12.0 percent in December. However, other components were more positive. Excluding transportation, durables orders rebounded 1.1 percent in January after falling 1.9 percent the month before. Source;  Bloomberg