U.S. DURABLE GOODS PLUNGED 4.5% IN JANUARY, LARGEST DECLINE SINCE COVID

Key Points:

  • Orders for durable goods fell in January at the largest monthly rate since April 2020.
  • Durable goods are products designed to last at least three years, such as computers and machinery.
  • New orders for durable goods decreased 4.5% to $272.3 Billion in January from December, following a 5.1% increase in December.
  • Consensus among economists was a 3.6% decline.
  • The Right Facts will continue to monitor Durable Goods.
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