US Durable Goods New Orders (I:USDGNO)

US Durable Goods New Orders is at a current level of 284.77B, down from 287.02B last month and down from 295.40B one year ago. This is a change of -0.78% from last month and -3.60% from one year ago.

US Durable Goods New Orders are the orders placed net of cancellations for manufactured durable goods, where durable goods are defined as products with at least a three-year life expectancy. As a leading indicator in the US, when there is an expectation of improvement or growth in the economy, new orders for manufactured durable goods tend to increase. This is reflected towards the end of the 2008 Financial Crisis where US Durable Goods New Orders saw continued declines, ultimately settling at a trough of $144B in March 2009.