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US durable goods orders beat estimates in Jan

by ChemOrbis Editorial Team -
  • 27/02/2015 (15:14)
According to a report released by the US Commerce Department, the country’s durable goods orders beat estimates in January. Orders for durable goods climbed 2.8% in January after decreasing 3.7% in the previous month. Economists’ initial expectations called for an increase of 1.7% in January.

The increase was attributed to higher orders for transportation equipment which increased 9.1% in January following a 10.1% drop in December.

The report showed that orders for commercial aircraft and parts surged 128.5% in the first month of the year after plunging 58.3% in December while orders for non-defense capital goods excluding aircraft which is an indicator of business spending, climbed 0.6% in January.
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