US: Focus on Factory Orders and Durable Goods Orders data – TDS

In view of analysts at TD Securities, US factory orders are expected to have declined 0.5% m/m in February, following two consecutive 0.1% increases in January-December.

Key Quotes

“The final release of durable goods orders for the month is unlikely to deviate much from their initial 1.6% decline, which was largely impacted by a significant drop in nondefense aircraft orders.”