CONVEX
Past Release · Durable Goods

January 2024 Durable Goods Report

Monday, January 1, 2024

Durable Goods printed at 280,614, a -7.79% move from the prior reading of 304,324.

Headline Reading
Durable Goods Orders
280,614
Jan 1
Prior
304,324
Absolute
23,710
Percent
-7.79%

What to Watch For

  • Headline durable goods orders (volatile)
  • Core orders ex-defense, ex-transportation (capex signal)
  • Shipments trend (current output)
  • Unfilled orders backlog
  • Revisions to prior month

Expected Market Reaction

Strong core orders: cyclicals up, rates up (growth signal). Weak core orders: defensives outperform, rates down. Headline swings on Boeing orders are typically ignored by markets.

Related Assets Around the Release

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