Durable Goods Orders definition
- Durable Goods Orders refer to orders for higher priced products used in industry, such as raw steel, heavy machinery computer equipment, tanks, and airplanes. This is a significant market indicator, as an enterprise will only invest in such expensive items when they are confident about the health of their company and the economy as a whole. One large order in a single sector can drastically impact month on month results, so some releases will not include specific sector orders, such as those for defense and/or transport. Comparing durable goods orders for the entire year with those of the previous year is the most reliable means of evaluating the results, which are a strong indicator for the GDP growth rate, which is also evaluated based on annual figures.
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- Primary Market Indicators
- Unemployment rate
- Retail price index
- Producer price index
- Purchasing Managers Index
- Philadelphia Fed Survey
- Personal income
- Money supply
- Jobless Claims Report
- ISM Report On Business
- Import & Export Price Indices
- IFO Business Climate Index
- Gross Domestic Product (GDP)
- Factory Orders
- Existing Home Sales
- Durable Goods Orders
- Consumer price index (cpi)
- Consumer Confidence Index (CCI)
- Chain Store Sales Report
- Construction Spending Report
- Business Inventory Report
- Balance of Trade (BOT)
- APICS Business Outlook Index