Forex News 24
  • RSS

news

American shipments and core capital goods orders rally in February

American shipments and core capital goods orders rally in February
админ
23/03/2018
usa 4 300x200 - American shipments and core capital goods orders rally in February

In February, new orders for basic American capital goods rebounded more than anticipated after two straight monthly dives, while shipments tacked on that could tame hopes for a steep slowdown in business spending on equipment for the first quarter.

As a matter of fact, the Commerce Department’s report on Friday could help market experts to lift their economic surge estimates for the first three months of 2018. The previous week they were heavily criticized after data disclosed that in February retail sales went down for the third month in a row.

On Wednesday, the Federal Reserve pictured an upbeat picture of the American economy when it had interest rates lifted and projected at least two more hikes for 2018.

Orders for non-defense capital goods without aircraft tacked on 1.8% in February. It happened to be the greatest ascend for five months and it showed up after a downwardly updated 0.4% slump in January.

Market experts surveyed by Reuters had projected those orders tacking on only 0.8% in February after a previously posted 0.3% dive in January. As for core capital goods orders, they gained 7.4% on a year-on-year basis.

In February, shipments of core capital goods inched up 1.4%, which is the most impressive leap since December 2016, after an upwardly updated 0.1% jump in January. As a rule, core capital goods shipments are employed for calculating equipment spending in the government’s GDP measurement.

They were previously posted to have dived 0.1% in January. Additionally, business spending on equipment surged last year because businesses anticipated a huge tumble in the corporate income tax rate.

Prices of American Treasuries appeared to be mixed while American stock index futures were mostly flat.

Besides this, in February, orders for machinery inched up 1.6%.

Source

Related ItemsamericancapitalCommerce DepartmenteconomicFederal ReservefuturesGDPinterest ratesmarketpricesrateratesretailretail salessalestax

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
23/03/2018
админ
Related ItemsamericancapitalCommerce DepartmenteconomicFederal ReservefuturesGDPinterest ratesmarketpricesrateratesretailretail salessalestax

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Evergreen buck goes down on Trump’s menace to veto spending bill
FTSE 100 goes down as markets slump on trade-war concerns