25 Mar 2015
US durable goods risks a stronger outcome – KBC
FXStreet (Barcelona) - The KBC Bank Research Team previews the key data releases for the US today, noting that durable goods (ex-transportation) risks a slightly stronger result.
Key Quotes
“In January, US durable goods orders rebounded by 2.8% M/M, mainly due to strength in aircraft orders, while the underlying picture remained poor. For February, another limited increase is expected in durable goods orders (0.2% M/M).”
“Durables excluding transportation are forecast to have increased by 0.2% M/M, following a flat reading in March.”
“For the ex-transportation reading, we believe that risks are for a slightly stronger outcome following four months of very poor figures.”
Key Quotes
“In January, US durable goods orders rebounded by 2.8% M/M, mainly due to strength in aircraft orders, while the underlying picture remained poor. For February, another limited increase is expected in durable goods orders (0.2% M/M).”
“Durables excluding transportation are forecast to have increased by 0.2% M/M, following a flat reading in March.”
“For the ex-transportation reading, we believe that risks are for a slightly stronger outcome following four months of very poor figures.”