Durable Goods Orders

Durable Goods Orders

Orders that companies make for consumer products designed and intended to last longer than three years. Some examples of durable goods, such as cars, are expensive, while others, such as forks and knives, are not. If durable goods orders increase, it is a sign of a healthy economy because it shows that consumers are willing to make major purchases. As such, durable goods orders are a major economic indicator.
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* Data on durable goods orders for July will be released at 8:30 a.m.
durable goods preview: durable goods orders are expected to rise 0.2% in July, after a 1.9% figure in June.
The report said durable goods orders shot up by 2.6% in March after slumping by 1.3% in February, reflecting a slight downward revision from the 2.7% jump reported last week.
Other notable indicators for this week include retail sales, Markit and ISM PMI data and durable goods orders.
Policymakers noted that the labor market has "strengthened" and that "near-term risks to the economic outlook have diminished." Overall orders for durable goods orders fell 4.0 percent in June.
The Commerce Department said on Thursday durable goods orders, items ranging from toasters to aircraft that are meant to last three years or more, dropped 18.2 per cent, the largest decline since the series started in 1992.
The Commerce Department said on Tuesday durable goods orders dropped 4.3 percent, pulled down by weak demand for transportation equipment, primary metals, computers and electronic products and capital goods.
| WASHINGTON, June 25 (KUNA) -- US durable goods orders recorded an increase in May which was led by the increase in transportation equipment, official data showed Tuesday.
Durable goods orders added 4.2% in July, which exceeded expectations (+2.5%) and the value of the previous month (+1.6%).
Thu, Jul 26, 2012 Aircraft orders push up durable goods Orders for long-lasting goods rose in June as aircraft sales surged, though falling demand elsewhere offers the latest sign of a slowing recovery.
US: Durable Goods Orders Most manufacturing surveys show decelerating or weakening new orders so commentators are cautious on the outlook.
The latest durable goods orders are not looking good and there was some pretty gloomy prognostication coming from the Federal Reserve.
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