U.S. January Durable Goods Orders Were Flat, Missing Forecasts
January durable goods orders were unchanged month over month, while core durable goods orders rose 0.4%, both below expectations cited in the source.
Summary
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Terms & Concepts
Durable goods orders: A U.S. economic indicator tracking new orders for long-lasting manufactured products such as machinery and vehicles.
Core durable goods orders: A version of durable goods data that excludes some volatile categories to show underlying manufacturing demand more clearly.