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Core Durable Goods Orders (MoM) (US)
Event Date: Monday, August 26, 2019
Event Time: 12:30 CET
US Core Durable Goods Orders Revised Lower
Updated Monday, August 26, 2019
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Durable goods orders rose 2% last month, as reported by the US Census Bureau. The increase was higher than the 0.2% forecast of economists, but the decline in May also turned out to be deeper than initially reported. That took some shine off last month’s increase. This month's figure is already revised lower to 1.0%. It may keep the dollar under bearish pressure. Please follow us for live coverage of this event by experienced market analysts.
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About Core Durable Goods Orders (MoM) (US)
The monthly Core Durable Goods (MoM) report is released by the U.S. Census Bureau. It is based upon the cost of orders received by the manufacturing sector for goods with a lifespan greater than or equal to three years.The Core Durable Goods report does not factor the transportation industry into calculations. It is a key metric facing domestic economic growth, as durable goods typically involve a substantial investment. High levels are bullish for the USD and low levels bearish.
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