USA 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.
Latest Release: 23-12-2014 13:30:00
Next Release: 25-10-2013 12:30:00
Source:US Census Bureau

The US dollar appreciated against a basket of currencies Friday and is headed for its eleventh consecutive weekly gain following a second upward revision to second quarter GDP.

The US dollar index, a weighted average of the greenback’s performance against a basket of currencies that includes the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, advanced 0.27 percent to 85.42.

In economic data, the US economy grew at a faster rate in the second quarter than initially estimated, the Commerce Department reported today in Washington.

US gross domestic product, which measures the total value of goods and services produced in the economy, accelerated at an annualized rate of 4.6 percent in the April to June period. That was the second upward revision to GDP since the Commerce Department produced its advance estimate in July.

The government’s advance estimate showed annual GDP growth of 4 percent. That figure was revised up to 4.2 percent in August.

The latest figures, which are based on more complete data, said there was a larger contribution than previously estimated in nonresidential fixed investment and exports. On balance, however, “The general picture of economic growth remains the same,” the Commerce Department said in its press release.

Overall, the increase in real GDP in the June quarter was due to positive contributions from personal consumption expenditures, exports, private...

  • Analysis and Opinion » RBNZ Talks Down the Kiwi
    Posted Sep 26th, 2014 at 10:06 AM

    Of the three speeches by central bank chiefs yesterday, only the Pound was moved significantly with some help from a worse than expected US Durable Goods Orders figure – rallying half a cent....

  • Forex » US Durable Goods Orders On The Rise
    Posted 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...

  • Forex » US durable goods orders ease off record high in...
    Posted Sep 25th, 2014 at 01:02 PM

    US durable goods orders declined sharply in August, easing off the previous month’s record high that resulted from a surge in demand for civilian aircraft. Orders for manufactured goods meant...

  • Analysis and Opinion » EUR/USD Spirals, as Demand for the Greenback...
    Posted Sep 19th, 2014 at 07:32 PM

    The euro was trading near 14-month lows against its US counterpart on Friday, as the greenback was well supported despite a mixed message from the Federal Reserve on Wednesday, while the outlook on...

  • Business » US Factory Orders Surge in July
    Posted Sep 3rd, 2014 at 10:47 PM

    New orders for US factory goods surged in July, led by a sharp increase in commercial aircraft, adding further evidence the manufacturing sector was a key driver of economic growth during the summer....

  • Business » US Manufacturing Industry Reaches New Highs in...
    Posted Sep 2nd, 2014 at 04:41 PM

    The US manufacturing industry accelerated in August at the fastest pace in more than three years, as a strong pick up in new orders and production contributed to another month of sustained job...

  • Analysis and Opinion » Euro loses further ground against the dollar
    Posted Aug 27th, 2014 at 08:06 AM

    EUR/USD - the euro lost further ground against the dollar and is trading around 1.3160 ​​as investors expect that the data on the trust that will be released tomorrow will show a worsening in the...

  • Forex » US durable goods orders surge in July to record high
    Posted Aug 26th, 2014 at 01:26 PM

    US durable goods orders soared in July to their highest level on record, led by a sharp rise in transportation equipment that was the byproduct of a spike in demand for Boeing jetliners. Orders...