At 10 a.m. ET, data on factory orders and durable goods orders will be published.
Economists estimate that factory orders fell 1.8% during the month, according to Bloomberg. Excluding the volatile transportation category, they forecast a 1% decline.
The final report on durable goods is expected to show that orders fell 2.8%, and 1% excluding transport, unchanged from the preliminary report.
In a preview, Wells Fargo wrote, “The orders figures were disappointing and dashed hopes that January’s gains might mark the start of a new upward trend. If the factory orders print corroborates the durable goods orders’ reading, it will reinforce our expectations for a weak first quarter for equipment spending.”
We’ll have the latest once the data cross, so refresh this page for updates.
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