U.S. durable-goods orders fall in January — and now face coronavirus threat
The numbers: Orders for durable goods fell slightly in January owing to a reversal in bookings for military weapons and less demand for autos, but business investment is still soft and likely to remain so in light of disruptions to the global economy from a spreading coronavirus.
If cars and planes are stripped out, durable-goods orders rose a decent 0.9%. Transportation often exaggerates the ups and downs in orders because of lumpy demand from one month to the next. Big picture: The already dim prospects of a big rebound in U.S. business spending and investment this year has only gotten dimmer amid the spread of the coronavirus.
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