Following December's surprise jump, Durable Goods Orders were expected to slide in January, and preliminary data shows they did but only -0.2% MoM (considerably better than the -1.4% expectation).
However, durable goods orders are still down 2.3% YoY - in contraction for 8 of the last 9 months...
Durable Goods Orders (ex-Transport) surged 0.9% MoM (much better than expected 0.2%), but YoY remains in contraction...
Additionally, core capital goods orders, which exclude aircraft and military hardware, jumped 1.1% after a 0.5% decline the prior month that was less than initially estimated
The headline durable-goods figure was depressed by the volatile transportation category, reflecting weak bookings for motor vehicles. One surprise was a surge in orders of civilian aircraft and parts, considering Boeing Co. on Feb. 11 said it received no aircraft orders in January.
Defense capital- goods orders dropped 39.8% after an 87.4% surge in December.
Of course, none of this matters as it prints before the virus impact.