| Economic Event | Durable Orders |
| Units | Percentage Change from Previous Period |
| Current Period | Jan 2011 |
| Release Date | Feb. 24. 11 |
| Reported | 2.7 |
| Consensus for Current Period | 3.1 |
| Number of Forecasts | 60 |
| Economic Surprise | -0.4 ( -12.90 % ) |
| Prior Period | Dec 2010 |
| Reported Value for Prior Period | -0.4 |
| Revised From | -2.5 |
| Next Release Date | Mar. 24. 11 |
| Next Release Time | 8:30 AM Eastern Time |
| Source | http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf |
| Note | |
| Description | This is a government index that measure the level of orders placed at US factories for expensive durable items such as machinery and vehicles. That tells investors what to expect from the manufacturing sector, a major component of the economy. The Durable Goods Orders index is a major indicator of manufacturing sector trends as most industrial production is done on orders. Rising Durable Goods Orders are normally associated with stronger economic activity and can therefore lead to higher short-term interest rates, which is usually supportive for a currency at least in the short term. |