Investing.com – U.S. core durable goods orders fell unexpectedly in February, declining for the second consecutive month, official data showed on Thursday.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted -0.6% in February, after dropping by -3.0% in January, whose figure was revised from a decline of -3.6%.
Analysts had expected core durable goods orders to rise by 1.8% in February.
The report showed that durable goods orders, which include transportation items, fell unexpectedly in February, falling by a seasonally adjusted -0.9%, after rising by 3.6% in January, whose figure was revised up from 2.7%.
Analysts had expected durable goods orders to rise by 1.0% in February.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.42% to hit 1.4147.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.52%, S&P 500 futures pointed to a rise of 0.56%, while the Nasdaq 100 futures climbed 0.85%.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted -0.6% in February, after dropping by -3.0% in January, whose figure was revised from a decline of -3.6%.
Analysts had expected core durable goods orders to rise by 1.8% in February.
The report showed that durable goods orders, which include transportation items, fell unexpectedly in February, falling by a seasonally adjusted -0.9%, after rising by 3.6% in January, whose figure was revised up from 2.7%.
Analysts had expected durable goods orders to rise by 1.0% in February.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.42% to hit 1.4147.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.52%, S&P 500 futures pointed to a rise of 0.56%, while the Nasdaq 100 futures climbed 0.85%.