Durable Goods Orders (MoM) (US)
Durable Goods Orders Turned Positive but Core Orders Remain Negative
Starts Tuesday, April 2, 2019 at 12:30
Updated Tuesday, April 2, 2019
Durable goods orders have been on a positive trend since August, although we saw a decline of 4.4% in October. They turned positive again in November growing by 0.8%, albeit half of what was expected, which was revised a tick lower to 0.7%. Last month's report was for December and it was about a month late due to the government shutdown. Durable goods orders were expected to increase by 1.6% but they missed expectations showing a 1.2% increase, which is still quite impressive. Core orders came from a 0.4% decline in November, but they turned positive again in December and grew by 0.1%. Although, the report released last month which was for January showed another decline of 0.1% for core orders while headline orders increased by 0.4%. 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.