US: Durable goods orders likely to rise by 2.2% in December - TDS

Analysts at TD Securities are expecting the delayed release of US durable goods orders to show a 2.2% m/m rise for December (market: 1.7%).

Key Quotes

“A double-digit increase in non-defense aircraft orders to a four-month high should be a major catalyst to the upside while we see the ex-transportation segment advancing only 0.1% m/m.”

“The Philadelphia Fed Index will be released alongside durables where the market looks for a decline to 14.0; existing home sales for January (market: 5.00m) will round out the data calendar.”