US: All eyes on durable goods data – RBC CM

Research Team at RBC CM, suggests that in the US, durable goods are due today and their economists look for a strong number (RBC: 4.7%m/m, cons: 2.6%).

Key Quotes

“Although Boeing orders were lower on the month, in seasonally adjusted terms, it still translates into a decent gain in non-defence aircraft. This, and a sharp unwind in capex orders weakness (flagged by an upturn in Jan ISM new orders and firming manufacturing production), should support a heady advance in durable goods.”