US: Durable goods orders likely to decline 0.2% in March - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting the US durable goods orders to register a modest -0.2% m/m decline in March, improving from -1.6% in February.

Key Quotes

“A decrease in the highly volatile nondefense aircraft segment and a third consecutive drop in vehicles orders are likely to drag the headline measure lower. On the bright side, we anticipate the key durable ex-transportation measure to advance 0.2% m/m in March, while core capex orders should post a flat print following a marginal decline at -0.1% in February.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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