The latest reading on durable goods orders is set for release at the bottom of the hour.
Expectations are for the report to show orders fell 0.7% in December after orders were flat in November.
This is a series tabulated in nominal dollars, and so the decline is expected to largely reflect the impact that the strong dollar has had on import prices. Namely: they have gone down.
Excluding transportation and defence orders, orders are expected to rise 0.8%.
We’ll be back with he live numbers when they drop.