Investing.com - U.S. durable goods orders fell more-than-expected in January, while core orders beat expectations, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that total durable goods orders, which include transportation items, tumbled by a seasonally adjusted 5.2% in January, compared to expectations for a drop of 4.4%.
Durable goods for December were revised down to a 3.7% gain from a previously reported 4.3% increase.
The report also showed that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.9% last month, compared to expectations for a 0.2% increase.
Core durable goods orders for December rose by 1%.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, fell 1% last month, compared to expectations for a 1.3% decline, after rising 0.2% in December.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.11% to trade at 1.3078.
Meanwhile, U.S. stock index futures remained modestly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.2%, S&P 500 futures indicated a rise of 0.15%, while the Nasdaq 100 futures signaled an increase of 0.2%.
In a report, the U.S. Census Bureau said that total durable goods orders, which include transportation items, tumbled by a seasonally adjusted 5.2% in January, compared to expectations for a drop of 4.4%.
Durable goods for December were revised down to a 3.7% gain from a previously reported 4.3% increase.
The report also showed that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.9% last month, compared to expectations for a 0.2% increase.
Core durable goods orders for December rose by 1%.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, fell 1% last month, compared to expectations for a 1.3% decline, after rising 0.2% in December.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.11% to trade at 1.3078.
Meanwhile, U.S. stock index futures remained modestly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.2%, S&P 500 futures indicated a rise of 0.15%, while the Nasdaq 100 futures signaled an increase of 0.2%.