The latest data on core durable goods orders in the United States shows a continued decline in January 2024. The indicator, which measures the change in the total value of new orders for long-lasting manufactured goods, dropped by 0.3% compared to the previous month. This marks a further decrease from the -0.1% reported for December 2023.
The information, updated on 27 February 2024, highlights a challenging period for the manufacturing sector, with businesses potentially facing a slowdown in demand for durable goods. The month-over-month comparison reveals a worrisome trend that policymakers and market analysts will closely monitor to assess the impact on the broader economy. As the US navigates economic uncertainties, keeping a close eye on key indicators like core durable goods orders will be vital for understanding the ongoing developments in the industrial sector.
