Durable goods orders
Durable goods orders
This indicator displays the level of consumer confidence in the current economic situation. This is because people only generally buy durable goods like new furniture, cars, big and modern TV-sets when they are in a favourable financial situation. This factor is positive in relation to the economic development of a country and a higher reading will have the effect of increasing the value of the national currency. In order to more accurately refelect consumer sentiment defense data (Durable goods orders excluding defense) and transportation (Durable goods orders excluding transportation) are sometimes excluded from this indicator. This indicator is released every fourth week of every month at 08:30 EST (New York).
