US: Durable Good Orders (Jan) fell 1.0%

FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have contracted 1.0% MoM during January, bettering expectations for a 1.5% drop and up from November’s 4.2% fall (revised). Excluding the Transportation sector, orders rose 1.1%, surpassing estimates at -0.3%.