US: Durable Goods Orders decline by 1% in February vs. +0.6% expected

Share:

• Durable Goods Orders in the US declined unexpectedly in February.
• US Dollar Index stays in positive territory above 103.00.

Durable Goods Orders in the US decreased by 1%, or $2.6 billion, in February to $268.4 billion, the US Census Bureau announced on Friday. This reading followed January’s declined of 5% (revised from -4.5%) and came in weaker than the market expectation for an increase of 0.6%.