Influence of Durable goods orders
This indicator shows the level of consumer confidence in the current economic condition. This is because people only usually buy durable goods like new furniture, cars, big and modern TV-sets when they are in a favorable financial condition. This factor is positive concerning the economic growth of a country and a higher reading will have the influence of increasing the value of the national currency. In order to more exactly reflect consumer sentiment, defense data and transportation are sometimes excluded from this indicator. These categories usually reflect the spending of big corporates and the government, and don’t essentially reflect consumer sentiment. This indicator is released every fourth week of every month at 08:30 EST (New York).
Written by FxErvin