WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

US Durable Goods Orders Fall, Non-Transport Orders Rise

Posted by Joseph Trevisani on Feb 27, 2013 8:41:00 AM

Orders for durable goods, those designed to last more than three years, fell in January as forecast, but outside of the transport sector orders gained for the fifth month in a row.

New placements for durables goods fell 5.2%,  more than the -4.8% forecast. The December reading was revised down to 3.7% from 4.6%. However, when orders from transportation firms are excluded, largely the Boeing Company of Chicago, orders increased +1.9% more than nine times the 0.2% anticipated increase.  Orders excluding the defense sector dropped a modest 0.4%.

Boeing Corporation the country's largest maket of commercial aircraft reported only two new orders in January after receiving 183  in December. The firm's new 787 model has been grounded due to battery problems.


Joseph Trevisani

Chief Market Analyst



Charts: Bloomberg


ScreenHunter 665 Feb. 27 10.32 resized 600

ScreenHunter 666 Feb. 27 10.34 resized 600


Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!