US durable goods orders to rebound in February - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offer a brief preview on today’s US durable goods orders data slated for release at 1230 GMT.

Key Quotes:

“We look for durable goods orders to rebound 2.3% m/m in February, following a sharp decline in January.

We expect much of the rebound to be driven by transportation orders, especially for aircrafts.

For orders excluding transportation, we look for a modest 0.3% increase. For core capital goods orders, we look for an increase of 0.5% m/m.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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