Durable Goods Orders (MoM) (US)
Core Durables Expected to Turn Positive for December
Starts Thursday, February 21, 2019 at 13:30
Updated Monday, February 18, 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%. This report is for December and it is about a month late due to the government shutdown. Durable goods order are expected to increase by 0.8%. Core orders come from a 0.4% decline in November, but they are expected to turn positive again and grow by 0.2% in December. 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.