What is it? It checks the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.
It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.
Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.
When? October 27th at 8:30am Eastern Time.
Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.
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