USD Durable Goods Orders Ex Transportation
The Durable Goods Orders is a government report, released by the US Census Bureau which measures consumer spending on long-term purchases, products that are expected to last more than three years. Durable goods are generally sensitive to economic fluctuations, because durable products usually involve large investments. Consumers becoming skeptical about economic conditions causes sales of durable goods to be among the first to be affected, as consumers may delay purchases of durable items such as cars and televisions and choose to only spend money on necessities in times of economic hardship. Orders for products such as civilian vehicles and aircrafts are quite high in price and tend to change diosyncratically, thus causing a distortions within the Durable Goods Order Figure. The aforementioned goods are therefore excluded in order to provide a more accurate measurement of durable goods orders.