The monthly increase in durable goods orders was $4.3 billion and was largely driven by transportation equipment. The advance in January was the eighth increase in the last nine months. The core durable goods section, which excludes the volatile transportation sector, also beat expectations, rising 0.7% versus the expected increase of 0.4%. Excluding defense, new orders advanced 1.6%. The government’s durables report covers items with an expected life of at least three years, such as kitchen appliances, computers, furniture, autos and airplanes. Economists carefully watch the data for any changes as a sign of where the economy might be heading. Source - https://www.kitco.com/news/2022-02-25/U-S-durable-goods-beat-expectations-in-January-gold-price-trades-under-1-900.html Source - 1. Capital spending - https://www.forexlive.com/news/australian-private-capital-expenditure-capex-headline-11-qq-vs-expected-26-20220224/ 2. BC Budget - https://businessexaminer.ca/victoria-articles/item/budget-a-missed-opportunity-to-improve-british-columbians-standard-of-living/ 3. Infrastructure funding - https://washingtontechnology.com/companies/2022/02/how-parsons-watching-potential-infrastructure-spending-opportunities/362332/ 4. Ports - https://www.reuters.com/business/autos-transportation/biden-team-seeks-port-revival-plans-it-spends-infrastructure-cash-2022-02-23/ 5. Global Crane - https://www.americancranesandtransport.com/news/how-infrastructure-spending-can-boost-the-2022-global-crane-market/8018469.article 6. Asphalt - https://www.nytimes.com/2022/02/19/us/politics/infrastructure-plan-asphalt.html 7. Infrastructure - https://theonebrief.com/how-to-make-the-most-of-a-new-wave-of-infrastructure-funding/ 8. Prince Rupert - https://ca.finance.yahoo.com/news/prince-rupert-port-seeking-double-143000134.html 9. Ports - https://technology.risiinfo.com/logistics/north-america/georgia-ports-authority-plans-expand-port-s-container-capacity-60 10. Oil - https://www.aljazeera.com/economy/2022/2/23/saudi-aramco-closes-15-5bn-blackrock-led-gas-pipeline-deal and https://www.reuters.com/business/sustainable-business/n-americas-old-pipelines-seek-new-life-moving-carbon-climate-push-2022-02-23/