USA Core Durable Goods Orders

Description

Released on a monthly basis by the US Census Bureau, this indicator measures new orders placed with US manufacturers for durable goods (e.g. factory goods). Because durable goods are large scale investments meant to last three years or more (such as motor vehicles and appliances), this indicator is used to gauge overall growth in the US economy. The headline figure is expressed as a percentage change from the previous month. Core durable goods exclude volatile elements such as transportation equipment.
Latest Release: 23-12-2014 13:30:00
Next Release: 25-10-2013 12:30:00
Source:US Census Bureau
US Durable Goods Orders On The Rise
Sep 25th, 2014 at 07:08 PM

US Consumer Sentiment is continuing to remain strong according to the latest Bloomberg Consumer Confidence survey, this weekly check on the pulse of the consumer sector in the world’s largest economy is now showing a reading ox 37.2, this is in line with last week’s number of 37.2. Meanwhile there are ongoing signs of robustness in the services sector judging by the preliminary Purchasing Managers Index (PMI) from Markit Economics, the early reading on the September statistic for the Services PMI is showing a figure of 58.5 in comparison to the August final print of 59.5 and a market consensus estimate for 59.0 this month.

The headline release for the US economy today however is the August Durable Goods Orders data. Month on month the key Durable Goods Orders number has fallen –18.2%, this follows an expansion of 22.6% in the month of July and has come in ahead of the market consensus estimate for a contraction of -18.0% in the August numbers. The less volatile Core Durable Goods Orders figure is showing a change on the month of 0.7%, July saw this contract by -0.7% and a reversal to this level of 0.7% expansion was anticipated in the latest data. Excluding Defence Orders the Durable Goods number...

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