Durable Goods Orders
The durable goods orders report measures how much people are spending on long-term purchases (products that are expected to last more than three years). The report is made at 8:30 am EST around the 26th of each month and is thought to provide insight into the future for the manufacturing industry. The reports are broken down by industry, which helps to eliminate the effects of single volatile industries like defense spending. Investors are concerned with the overall picture and the markets are moved by general trends across most industries. Visit the U.S. Census Bureau for the latest report.
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