“New orders for manufactured sturdy items in January, down three of the final 4 months, decreased $0.1 billion or just about unchanged to $321.2 billion,” the US Census Bureau reported on Friday.
This print adopted the 0.9% lower (revised from -1.4%) recorded in December and got here in a lot weaker than the market expectation for a rise of 1.2%.
“Excluding transportation, new orders elevated 0.4 %. Excluding protection, new orders elevated 0.5 %. Transportation tools, additionally down three of the final 4 months, drove the lower, $1.0 billion or 0.9 % to $113.3 billion,” the press launch learn.
Market response
The US Greenback (USD) preserves its energy following this report. On the time of press, the USD Index was up 0.3% on the day at 100.05.
