Headline durable goods orders rose by 1.8% in January, better than 1.6% expected, but the rest looks much worse. Core orders dropped by 0.2% against a projected rise of 0.5%. The upwards revision for December, from 0.5% to 0.9%, was quite unhelpful. In addition, the ex defence and ex-air spending fell by 0.4%, also against [...]
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