Quotes from Capital Economics:
- After declining for the past three months, we expect a rebound in the growth of core durable goods orders (13.30 GMT) to 1.5% m/m in January. While the survey evidence has weakened recently in response to slower global growth, it still points to a rebound in core orders.
- Meanwhile, it looks like orders in the more volatile transport category increased. Boeing received just five orders last month, down from 174 in December. But after this is adjusted for seasonality, it points to a 60% m/m rebound in non-defence aircraft orders.
- As a result, we estimate that overall durable goods orders strengthened to 3.0% m/m in January.
