What Are Durable Goods Orders and How Do They Affect Financial Markets?
Market players and traders often undervalue durable goods orders. Still, this article seeks to highlight the significance of this economic data print by going through its definitions, fundamental economic principles, and effects on the trading of financial markets.
DURABLE GOODS ORDERS: WHAT ARE THEY?
Let’s first examine what constitutes a durable good. Products and objects that are long-lasting and hard-wearing are considered durable goods. This indicates that orders for these items can be placed infrequently. The core retail sales figures directly benefit from durable goods, a component of the larger consumer goods category.
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