Durable Goods Orders Flat in December, But Core Orders Rise
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Durable goods orders unchanged at $295.6B in December, compared to 1.1% increase expected and +5.5% in November.
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Excluding transportation, core durable goods orders rose 0.6% vs +0.2% consensus and +0.5% prior.
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Durables excluding defense rose +0.5% vs +6.9% prior.
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Non-defense orders excluding aircraft increased +0.3% vs +0.1% consensus and +1.0% prior.
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Attention turns to Lagarde's press conference and U.S. Q4 GDP.