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Durable Goods Orders decreased by 3.4%

Tuesday, Jan 27 2015
New orders for manufactured durable goods in December decreased $8.1 billion or 3.4% to $230.5 billion, missing predictions on 0.6% increase. This decrease, down four of the last five months, followed a 2.1% November decrease. 
 
Excluding transportation, new orders decreased 0.8%, also below expectations on 0.6% incline. Excluding defense, new orders decreased 3.2% . Transportation equipment, also down four of the last five months, led the decrease, $6.8 billion or 9.2% to $66.7 billion. 
 
After the data, USD decreased against its major rivals. Euro is currently being traded few points above 1.1360 level, Sterling is around 1.5180 area, while Aussie is at 0.7950 level. Later today, CB Consumer Confidence and New Home Sales figures are scheduled for a release.
 
More in this category: « UK GDP grew by 0.5% CB Consumer Confidence up to 102.9 »

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