Recent History Of This Indicator:
Indications on the factory sector had been weak going into 2016 but the manufacturing component of the industrial production report showed life in both January and February while durable goods orders showed broad gains in January. But forecasters do not see durable orders extending the improvement in February with the consensus at minus 3.0 percent and at minus 0.2 percent for ex-transportation orders. Core capital goods orders did bounce back solidly in January but a resumption of weakening is the call for February, weakening that could lower expectations for first-quarter business investment. Even if the report does prove weak, the ongoing decline in the dollar points to a lift ahead for exports.
Indications on the factory sector had been weak going into 2016 but the manufacturing component of the industrial production report showed life in both January and February while durable goods orders showed broad gains in January. But forecasters do not see durable orders extending the improvement in February with the consensus at minus 3.0 percent and at minus 0.2 percent for ex-transportation orders. Core capital goods orders did bounce back solidly in January but a resumption of weakening is the call for February, weakening that could lower expectations for first-quarter business investment. Even if the report does prove weak, the ongoing decline in the dollar points to a lift ahead for exports.
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