Friday USD 7:30am Core Durable Goods Orders m/m

Source Census Bureau (latest release)

Measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items;

Usual Effect' Actual' greater than 'Forecast' is good for currency;

Frequency Released monthly, about 26 days after the month ends;

Next Release Oct 24, 2019

FF Notes Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends;

Why Traders Care It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;

Also Called Durable Goods Orders Ex Transportation;