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Durable Goods Orders (MoM) (US)

Orders Posted A Massive Decline in November

Starts Tuesday, January 28, 2020 at 14:30
Updated Tuesday, January 28, 2020
Durable goods orders have been pretty volatile so far this year. The report for February showed another big decline of 1.6% for headline orders, while core orders increased by 0.1% initially but were reversed to -0.1%. For March, orders were expected to turn positive again which they did and increase by 0.7% while core orders were expected at 0.2%. Core orders came double that, increasing by 0.4% while headline orders jumped 2.7% higher. But, headline orders posted another big decline of 2.1% for April, although core orders remained steady. For May, durable goods orders were expected to increase by 0.1% but they declined again by 1.3% this time. On the other hand, core orders were pretty stable, growing by 0.3%, which was revised higher to 0.4% later. So, the transportation orders have been dragging headline orders down. In July, core orders declined by 0.4%, but they turned positive again in August, increasing by 0.5%. In September, durables posted a big decline of 1.2%, while core orders declined by 0.4%, but they reversed higher in October, growing by 0.6%, which were both revised to 0.5% though. November's report showed a big decline of 2.0% for headline orders, which were revised to -2.1% last week, but at least, core orders only declined by 0.1%. Please follow us for live coverage of this event by experienced market analysts and the impact it might have on the currency.  

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About Durable Goods Orders (MoM) (US)
Released by the U.S. Census Bureau, Durable Goods Orders are published on a monthly basis. The report measures the dollar value of orders received by manufacturers for goods lasting three years or more. Examples are motor vehicles and large household appliances.Durable goods involve a larger than normal capital investment. It is due to this fact that they are viewed as being accurate barometers of consumer confidence and spending levels. Higher than expected levels are viewed as bullish for the USD, while underperforming metrics are bearish.
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