Manufacturers’ New Orders for Durable Goods is a leading indicator.
Manufacturers' New Orders for Durable Goods ... important indicator!
Manufacturers’ New Orders for Durable Goods is generally a leading indicator.
An increase in new durable goods orders signifies an economy trending upwards.
Like wise a drop in new durable goods orders implies a coming cooler retail sales number hence a slowing economy indicator ahead.
It can also be an indicator of future increases in stock prices. New durable goods orders tell investors what to expect from the manufacturing sector, a major component of the economy, and also watched by the FED for monetary policy.