Durable Goods Surge
US Durable Goods Orders Surge In January To Pre-COVID Highs
by Tyler DurdenThursday, Feb 25, 2021 – 8:37
Having slowed for 3 straight months, analysts expected US durable goods orders to re-accelerate and they were not wrong as preliminary January data showed a huge 3.4% MoM jump (more than triple the +1.1% MoM expected).
Source: Bloomberg
That is the ninth straight monthly rise in durable goods orders after the March/April collapse, with orders up 4.5% YoY to pre-COVID highs…
Source: Bloomberg
Core capital goods orders, a category that excludes aircraft and military hardware and is seen as a barometer of business investment, rose 0.5% after an upwardly revised 1.5% gain.
https://www.zerohedge.com/economics/us-durable-goods-orders-surge-january-pre-covid-highs
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