Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. Durable goods are expected to last 3 years or more.
The indicator allows measuring the economic activity in the country (due to the amount of investments in the production of high-value goods) and forecast the volume of industrial production in the short term.
The indicator growth can have a positive effect on dollar quotes.
