Read the highlights of this week's commentary from Helios:
• ISM’s services survey pointed to a still expanding services sector, with the index coming in above economists’ expectations (55.1 vs. 54.5 expected). On the flip side, the manufacturing survey stayed in contractionary territory at 47.7, though that was a slight improvement from January’s 47.4.
• Durable goods orders fell 4.5% in January, worse than the 4.0% decline that economists had expected. However, the headline number may mask businesses’ appetite to invest as new orders for capital goods (excluding defense and aircraft) accelerated.
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