1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

US durable goods orders jump most since March

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The data released by the US Commerce Department showed orders for all durable goods - items meant to last at least three years – rose 4.9%, bettering the estimated rise of 2.5% following Dec’s 5% drop.

    Bookings for non-military equipment excluding commercial aircraft jumped 3.9%, more than forecast, after a 3.7% decrease in December.

    Shipments of non-defense capital goods excluding aircraft, which are used in calculating gross domestic product, decreased 0.4%, following an upwardly revised 0.9% reading in December.

    The Commerce Department is set to issue its second estimate of fourth-quarter GDP on Friday.
    For more information, read our latest forex news.
     

Share This Page