On Tuesday morning, investors will get a pulse on the future of business spending in the U.S.
The Census Bureau will be releasing durable goods data for February ahead of the market open. Economists polled by Bloomberg are expecting durable goods orders to have fallen 1.8% during the month.
The decline in durable goods will likely be due to a drop in orders for aircraft. “We expect durable goods orders to fall,” Credit Suisse wrote in a note on Thursday. “The decline is mainly driven by aircraft orders. Boeing received just 5 orders in February, down significantly from 46 in January.”
However, Deutsche Bank expects that durable goods orders, excluding transportation, will remain relatively healthy. “It is important to note that the durable goods report refers to February. While some of the weakness in aircraft orders for that month could be attributable to cancellations in the wake of the recent plane crash, any weakness stemming from this event would be more likely to show up in subsequent data,” the bank wrote in a note on Friday.
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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