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.