Durable Goods Orders (MoM) (US)
Goods Orders Expected to Jump After the Big Decline Last Month
Starts Wednesday, October 17, 2018 at 03:00
Updated Thursday, September 27, 2018
Durable goods orders posted a major decline last month. They were expected to decline by 0.7% but instead declined by 1.7%. The previous number war revised lower as well, so it was a pretty negative report. Orders for core durable goods also came much lower at 0.2% against 0.5% expected and it was revised even lower to -0.1% this month. The report which will be released this week and which shows August's orders is expected at 1.9% while core orders are expected to have grown by 0.4%. This would be a very good report, but after last month's negative numbers, it is better to wait and see the actual numbers before getting carried away. Please follow us for live coverage of this event from 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.