United States Durable Goods Orders m/m
The Durable Goods Orders m/m indicator demonstrates a change in the value of new orders for durable goods received by US companies in the given month compared to the previous one. Durable goods are the goods expected to last more than three years, such as cars, appliances, equipment, etc.
The indicator calculation includes all new orders confirmed by mandatory legal documents (contracts, letters, checks, etc.). Canceled orders are not included in the report.
Data for processing are collected from the survey of more than 5,000 manufacturers of durable goods representing 92 industries.
'Durable Goods Orders' is a leading economic indicator of industrial production. Usually, companies and consumers create such orders when they are confident of economy growth. In addition, production of durable goods takes more time than non-durables. Therefore, this report can be used by investors to prepare a forecast for the near-term load of industrial enterprises, as well to assess the potential of investment in engineering, technological production, etc.
The data is highly volatile due to the high cost of goods, that is why data for several months are usually analyzed. The growth in the number of durable goods orders can positively affect US dollar quotes.
The chart of the entire available history of the "United States Durable Goods Orders m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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