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Durable Goods Orders down by 5.1%

Thursday, Jan 28 2016
Orders for durable, or long-lasting, goods fell 5.1% in December, the Commerce Department said Thursday. The drop came after a 12.4% plunge in transportation orders and was worse than the 1.5% forecasted decline in the headline. Excluding transportation, orders fell 1.2% in December. So-called core capital-goods orders fell 4.3%.
 Separate report showed that in the week ending January 23, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 16,000 from the previous week's revised level. Analysts were expecting decrease to 281,000. The 4-week moving average was 283,000, a decrease of 2,250 from the previous week's revised average.
 
Euro is currently being traded few points above 1.0950 level, Sterling is around 1.4350 handle, while Aussie is around 0.7080 area.
 
More in this category: « UK GDP grew by 0.5% in Quarter 4 Australian PPI up less than expected »

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