USD Durable Goods Orders (M/M)

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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.