US Orders for Goods Fall 2 percent in January

Orders for goods produced in U.S. factories fell 2.0% in January, largely because of fewer orders for aircraft, the Commerce Department said Wednesday. Economists surveyed by MarketWatch expected orders to decline by 2.2%. Excluding transportation, orders climbed 1.3%. Orders for durable goods – products meant to last at least three years – slumped 4.9% in January. Orders for nondurable goods such as food and clothing rose 0.6%. In December, factory orders were revised down to show a 1.3% increase instead of 1.8% as initally reported. Shipments of all factory goods in January dipped 0.2%

via Marketwatch

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.