Jan Durables Above Expected -0.2%; +0.9%....>

US DATA: Jan Durables Above Expected -0.2%; +0.9% Ex-Transport

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- Jan dur goods orders -0.2% vs -1.5% BBG; Dec rev to +2.9% (prev +2.4%)

- New orders ex defense +3.6%

- Defense capital goods new orders -39.8%; largest drop since Feb 2017

- Dur orders ex. transport +0.9%; largest gain since April 2018

- Transport orders -2.2%; largest drop since November 

- Nondefense capital goods new orders +12.4%, ex. aircraft +1.1% 

- Nondefense capital goods shipments -1.7%, ex. aircraft +1.1%

- Jan inventories flat, shipments -0.2%, unfilled orders flat

- Nondefense aircraft new orders +346.2%, defense air -19.6%

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Durable goods new orders declined in January, falling by -0.2% 

after upward revised +2.9% gain in December. Defense capital goods 

orders fell -39.8% in January, the most since February 2017, and defense 

aircraft orders declined by -19.6%. Orders of transportation 

equipment plummeted -2.2%, the most since November, and motor vehicle 

and parts new orders fell by -0.8%, the most since October. Excluding 

transportation, January new orders rose +0.9%, the largest gain since 

April 2018. Meanwhile, nondefense capital goods new orders and 

shipments excluding aircraft both increased +1.1%. Exlcuding defense, 

new orders were up +3.6%.