US: Durable Goods Orders rise by 1.6% MoM in January vs. 0.8% expected gain
|- Headline and Core Durable Goods Orders rose at a faster than expected pace in January, with December figures also seeing positive revisions.
- This didn't seem to provoke a market reaction with focus more on geopolitics.
According to the latest release by the US Census Bureau, US Durable Goods Orders rose by 1.6% MoM in January compared to market expectations for a 0.8% rise in sales. That marked an acceleration versus December's 1.2% MoM pace of gain, which had seen a big revision higher from -0.7%. The more widely followed Core Durable Goods Orders growth rate was also stronger than expected at 0.7% MoM versus 0.4% consensus forecasts, with December's 0.9% MoM growth rate also being revised substantially higher from 0.6% previously.
Market Reaction
It does not seem as though FX or other markets have reacted to the latest tranche of US data, with focus much more on geopolitical developments for now.
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