US durable goods orders to rebound in February - Barclays

The Barclays Research Team offer a brief preview on today’s US durable goods orders data slated for release at 1230 GMT.

Key Quotes:

“We look for durable goods orders to rebound 2.3% m/m in February, following a sharp decline in January.

We expect much of the rebound to be driven by transportation orders, especially for aircrafts.

For orders excluding transportation, we look for a modest 0.3% increase. For core capital goods orders, we look for an increase of 0.5% m/m.”