Economic Indicators of Durable Goods Orders

{}Posted in2023/2/24 18:51:34 | 9Browse

Def forexrebatecommissionition of Durable Goods OrdersThe so-called Durable Goods refers to rebatesforexbroker that fxrebatecentral not e cashback forexily depleted, such as automobiles, aircraft, best forex rebate company other heavy industrial products and manufacturing capital goods, such as electrical appliances, are also Durable Goods Orders (DurableGoodOrs rs) represent the good or bad production situation of manufacturers in the coming month. The Durable Goods Order is a rather important item in the Manufacturing Shipments, Inventories and New Orders report (Manufacturers Shipment, InventoriesandOrs rs), and is regarded as a leading pointer to the manufacturing boom. The reason is that the demand for non-durable goods (such as food and clothing) does not change much and can be easily predicted, so it is the durable goods that really deserve attention and affect the manufacturing industrys prosperity. Among the durable goods, defense and other related equipment belong to the government bestforexrebatecompany in GDP, private enterprise machinery and equipment expenditures belong to the private sector investment in capital equipment investment, and general consumer durable goods belong to the consumption of durable goods consumption items; therefore, the change of durable goods has a great impact on the performance of GDP. Every month, the U.S. Department of Commerce collects the necessary information from 5,000 large companies and 70,000 production sites around the world, and then publishes it. Because the durable goods orders include defense and military equipment, the non-defense capital goods orders (which are a component of gross domestic product) can represent the future investment spending of manufacturers. However, a stronger U.S. dollar could undermine the above reasoning because: 1) only a small portion of non-defense capital orders are for foreign buyers, which are not counted as part of domestic gross production investment but are instead classified as exports; 2) non-defense capital excludes foreign purchases, which are included in domestic gross production investment but are not counted as part of foreign imports; and 3) non-defense capital is not counted as part of domestic gross production investment. The U.S. durable goods orders are published from the 22nd to the 28th of each month. The Department of Commerce is responsible for collecting the necessary information from 5,000 major U.S. companies and 70,000 production sites worldwide each month, and then publishing them. According to statistical evidence, capital finance for non-defense purposes is equal to about 15% of gross domestic production investment, but a stronger U.S. dollar could compromise this inference. Second, non-defense capital orders exclude purchases from abroad, which are included in domestic gross production investment, but are often ignored in the increase in foreign imports. The main key is that the U.S. Department of Defense sometimes has a large amount of orders caused by the other market also pay attention to the data after deducting the transportation sector, because the transport sector, such as cars, ships, aircraft, etc., are yielded to the high unit price of products, the changes in the sector data have a great impact on the overall data, and make the data of durable financial orders Distortion

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