US Durable Goods Orders Surge In January To Pre-COVID Highs

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by Tyler Durden
Thursday, Feb 25, 2021 - 08:37 AM

Having slowed for 3 straight months, analysts expected US durable goods orders to re-accelerate and they were not wrong as preliminary January data showed a huge 3.4% MoM jump (more than triple the +1.1% MoM expected).

Source: Bloomberg

That is the ninth straight monthly rise in durable goods orders after the March/April collapse, with orders up 4.5% YoY to pre-COVID highs...

Source: Bloomberg

Core capital goods orders, a category that excludes aircraft and military hardware and is seen as a barometer of business investment, rose 0.5% after an upwardly revised 1.5% gain.