US: Scope for an upside surprise in Durable goods orders – TDS

According to analysts at TD Securities, US durable goods orders are expected to decline 0.4% m/m in January following a 1.2% expansion in the prior month.

Key Quotes

“We see scope for an upside surprise and forecast a modest 0.1% expansion despite our estimate for a contraction in the ex-transportation measure.”

“Separately, producer prices are expected to post their first month-on-month gain in two months, likely reflecting the recovery in energy prices in February.”