Durable Goods Orders (MoM) (US)
Durable Goods Orders to Post A Major Decline
Starts Tuesday, December 18, 2018 at 17:04
Updated Wednesday, November 21, 2018
Durable goods orders posted a major decline in August by 1.7%. The previous number war revised lower as well. Although, September's report was surprising, showing a 4.5% increase. But, it was revised lower this month to 4.4% while core orders were revised to 0.0% form 0.1% previously. Last month was expected to decline by 1.3% but instead, it grew by 0.7% after being revised this month. This month, orders are expected to decline again, this time by 2.2%, but let's see if we might get another surprise. 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.