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HERE COMES DURABLE GOODS ORDERS...

Matthew BoeslerJan 28, 2014, 18:30 IST

REUTERS/Jim YoungA customer walks past a display of refrigerators at a Sears store in Schaumburg, Illinois.

Heads up! We are minutes away from the release of monthly durable goods orders data, due out at 8:30 AM ET.

The consensus estimate of market economists polled by Bloomberg is that total orders rose 1.8% in December after expanding 3.4% in November.

Growth in durable goods orders excluding transportation goods is likewise expected to have slowed to 0.5% in December from 1.2% the month before, while growth in orders of nondefense capital goods excluding aircraft is expected to have slowed to 0.3% from 4.1% and growth in shipments of nondefense capital goods excluding aircraft is expected to have slowed to 0.1% from 2.8%.

The expiration of investment tax credits at year-end likely boosted November orders, and may provide upside risk to December forecasts as well.

We will have the full release LIVE at 8:30 AM ET. Click here to refresh for the latest updates »