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Economic Data
Core Durable Goods Orders
Posted by
24-Dec-13 03:14PM
Core Durable Goods Orders economic data from US released by Cencus Bureau. Core Durable Goods Orders that reflects new orders placed with manufacturers for delivery of factory hard goods in future. It is measure, when compared with expectations can provide strong indication of economic growth or contraction.
The new orders data is collated by the U.S. Census Bureau in its monthly manufacturers' shipments, inventories and orders (M3) survey, which covers manufacturing establishments with $500 million or more in annual shipments.
It is released monthly about 26 days after the month ends.
It is a leading indicator of production-rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.
Impact: If Actual > Forecast = Good for currency.
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