Investing.com – U.S. core durable goods orders plunged unexpectedly in January, official data showed on Thursday.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted 3.6% in January, after rising by 3.0% in December, whose figure was revised up from 0.5%.
Analysts had expected core durable goods orders to rise by 0.6% in January.
The report also showed that durable goods orders, which include transportation items, rose less-than-expected in January, increasing by a seasonally adjusted 2.7%, after falling by 0.4% in December, whose figure was revised from a decline of 2.5%.
Analysts had expected durable goods orders to rise by 3.0% in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.13% to hit 1.3766.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.26%, S&P 500 futures pointed to a loss of 0.42%, while the Nasdaq 100 futures were down 0.32%.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted 3.6% in January, after rising by 3.0% in December, whose figure was revised up from 0.5%.
Analysts had expected core durable goods orders to rise by 0.6% in January.
The report also showed that durable goods orders, which include transportation items, rose less-than-expected in January, increasing by a seasonally adjusted 2.7%, after falling by 0.4% in December, whose figure was revised from a decline of 2.5%.
Analysts had expected durable goods orders to rise by 3.0% in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.13% to hit 1.3766.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.26%, S&P 500 futures pointed to a loss of 0.42%, while the Nasdaq 100 futures were down 0.32%.