New data Durable Goods Orders MoM (Jan)

2/27/2025

actual 3.1, previous -1.8

The event is the Durable Goods Orders Month-over-Month (MoM) report for January, released by the United States (US). Durable Goods Orders refer to the new orders placed with domestic manufacturers for delivery of factory hard goods such as appliances, furniture, and machinery, which are meant to last for an extended period.

In this report, the actual change in durable goods orders for January was 3.1%, exceeding the previous month's figure of -1.8%. This indicates a significant increase in new orders placed for durable goods during the month. The market had estimated a 2% increase, but the actual figure surpassed expectations, coming in at 3.1%.

Given the high impact of this economic indicator, such a substantial increase in durable goods orders can be interpreted as a positive sign for the US economy. It suggests increased consumer and business confidence, as well as potential future economic growth.

This is not investment advice. Remember to verify the information provided here.