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Feb 09, 2012 07:04PM GMT
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U.S. core durable goods orders drop unexpectedly
By Forexpros | Forex News | Feb 25, 2010 02:08PM GMT
Forexpros
Forex Pros - New orders for manufactured durable goods in the United States, excluding transportation, dropped unexpectedly in January, official data showed on Thursday.
Such orders declined 0.6% from the previous month's increase of 1.4%, which was revised upward from 0.9%, the U.S. Department of Commerce said. Economists had expected a rise of 1.2%.
Excluding defense, new orders increased 1.6%, the department said.
New orders for all manufactured durable goods in January increased USD 5.2 billion or 3% to USD 175.7 billion, the department said.
The outlook for U.S. markets, meanwhile, was dismal: Dow Jones Industrial Average futures indicated a drop of 1.29%, S&P 500 Index futures pointed to a slide of 1.37% and Nasdaq 100 Index futures indicated a decline of 1%.
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