United States: Core durable goods orders worse than estimates at -0.1%
January 28, 2020 at 01:30 pm
The consensus counted on 0.4%. The previous publication was -0.1%.
This statistic published by the U.S. Department of Commerce is a good indicator of future activity in the manufacturing sector (excluding transportation activities) in the United States. It measures the value of goods - with a life expectancy of three years and more - orders sent to manufacturing companies. This measures is preferred since aircrafts orders can sometimes distort the underlying trend.
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