Census Bureau (latest release)
Measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 26 days after the month ends;
Next Release Feb 26, 2015
FF Notes Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends;
Why Traders
Care It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
Also Called Durable Goods Orders Ex Transportation;