US: Durables Goods Orders data adds to a string of strong economic data for January – Wells Fargo – by MSalordFX UnitedStates Manufacturing Banks
Another headfake from Durables headline, Core Orders rebound
“As supply chains have eased and new demand has begun to slow, manufacturers have been able to chip away at orders, while some businesses have likely canceled past orders all together. To the extent we see demand continue to falter in coming months, there isn't as much backlog to sustain activity.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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