WHAT IS THE VALUE OF THE DURABLE GOODS REPORT?
DURABLE GOODS REPORT
What is the DURABLE GOODS REPORT?
The durable goods report is a monthly report released by the U.S. Census Bureau from a broad-based survey on orders. It features the sales of durable goods over the preceding month, and is used to measure current industrial activity and as an economic indicator.
WHY IS KNOWING DURABLE GOODS REPORT VALUABLE?
As a key economic indicator, durable goods orders provide insight into the supply chain. The report is especially useful in understanding the strength of industries such as machinery, technology manufacturing, and transportation. A high durable goods number indicates an economy on the upswing while a low number indicates a downward trajectory.
What should you do?
If you’re looking to understand the state of the supply chain and economy, the Durable Goods Report can provide valuable insight. Majestic’s CORE Report follows the Durable Goods Report; along with other indicators every week to see where the market stands.
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