Durable goods order rebound in January
After two consecutive monthly fall, the new order for sustainable goods manufactured in January increased by 3.1% to $ 286.0 billion. The increase of $ 8.7 billion was primarily led by transport equipment, which increased by 9.8% to $ 96.5 billion. Except for transport, the new orders were flat, while except defense, they increased 3.5%. In durable goods orders, this rebound indicates a possible stabilization in manufacturing activity, which can support economic growth when continuous.
State-level unemployed claims highlight regional variability
Kentaki and Tennessy recorded the biggest growth in unemployed claims up to 3,012 and 2,766 respectively, operated by trimmed in the manufacturing sector. California saw the most significant decline with 5,530 low claims, while Pennsylvania’s 1,110 deficiency was held responsible for healthcare, administrative aid and low trimming in food service sectors. These regional trends highlight the uneven impact of labor market pressure across the US
Market Outlook: Mixed signal with recession bias
Combination of rising unemployed claims, slowing down GDP growth, and mixed durable data presents a complex market environment. While the rebound in the orders of sustainable goods provides some optimism, the recession in economic growth and the increased unemployment claims can be weighed at the market spirit. Traders should closely monitor the upcoming economic data, as the weakness of the continuous labor market can promote equity and more alert status in certain-oriented markets.