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Durable Goods Orders up more than expected

Thursday, Feb 26 2015
New orders for manufactured durable goods in January increased $6.5 billion or 2.8 percent to $236.1 billion. Analysts were anticipating 1.7% increase. This increase, up following two consecutive monthly decreases, followed a 3.7% December decrease. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 3.0%. 
 
Separate report on Unemployment Claims showed that in the week ending February 21, the advance figure for seasonally adjusted initial claims was 313,000, an increase of 31,000 from the previous week's revised level. Smaller incline to 288,000 was expected. The previous week's level was revised down by 1,000 from 283,000 to 282,000. The 4-week moving average was 294,500, an increase of 11,500 from the previous week's revised average. 
 
After the data USD gained against its major rivals. Euro is currently being traded slightly below 1.13 handle, Sterling is at 1.5480 area, while Aussie is around 0.7870 level.
More in this category: « UK GDP increased by 0.5% U.S. CPI declined 0.7% in January »

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