Way to Fundamentals - DURABLE GOODS ORDERS: How to Trade and Video Manual
Durable Goods Orders
Durable Goods Orders (DGO) is an indicator of orders placed for relatively long lasting goods. Durable goods are expected to last more than three years, e.g.: cars, furniture, appliances, etc.
This indicator is important for the market because it gives an idea of the consumers' confidence in the current economic situation.