Forex - Preview: due 26 Apr - US Mar Durable Goods Orders


 17:07 (GMT) 17 Apr

  [Economic Data]

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Preview: due 26 Apr - US Mar Durable Goods Orders (0100-YXVB-C01)

We expect a 2.0% increase in Mar durable orders but only a 0.2% increase ex transport. Transport should be supported by gains in aircraft, with Boeing orders strong in the month, and autos, where both sales and output picked up in Mar. Defense should be a minor issue, with ex defense orders seen up by 2.1%.

Preview: due 26 Apr - US Mar Durable Goods Orders (0100-YXVB-C02)

ISM manufacturing new orders are still firm if off recent highs, but we expect the ex transport series to pause after a strong Feb (which corrected a weak Jan) in line with the Mar manufacturing output data. Computers and electronics are however due for a rise after two straight declines. Non-defense capital orders ex aircraft, a key indicator of business investment, should marginally outperform the ex transport series with a rise of 0.4%.

Preview: due 26 Apr - US Mar Durable Goods Orders (0100-YXVB-C03)

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