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U.S. orders tumble
8:31 a ET
U.S. orders for long-lasting durable goods tumbled 6 percent in January, the government said Tuesday, much weaker than Wall Street forecasts for a 2.5 percent decline.

(CNNFN)

Feb 27 08:30 Durable Orders Jan 6.0% -2.5% -2.5% 1.2% 2.1%
(briefing.com)


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Text von CNNFN.COM:

NEW YORK (CNNfn) - U.S. orders for long-lasting durable goods fell to the lowest level in a year and a half in January, the government said Tuesday, coming in much weaker than Wall Street had expected.

Orders for big-ticket items including cars, computers and washing machines fell 6 percent last month after rising a revised 1.2 percent in December, the Commerce Department said. January's reading of $202 billion was the lowest since June 1999.

The number was much weaker than forecasts for a 2.5 percent decline, according to Briefing.com, which polls economists.

Financial markets showed little reaction to the data. Investors were awaiting another report due later Tuesday on consumer confidence for February. If that number falls sharply, as many economists expect, some are predicting the Federal Reserve could step in to cut interest rates again soon in a bid to prevent the slowing U.S. economy from slipping into a recession



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