Durable Goods Orders is a monthly US economic indicator that measures new orders placed with domestic manufacturers for goods expected to last at least three years, such as machinery, vehicles, and appliances. It is a leading indicator of manufacturing activity and business investment, with significant market impact when it deviates from expectations.
Example
“Durable goods orders rose 2.3% month over month, beating the 1.0% forecast and causing the dollar to strengthen as traders priced in higher growth expectations.”