Previous : 0.1%
Forecast : 1.8%
A category of consumer goods, durables are products that do not have to be purchased frequently. Some examples of durables are appliances, home and office furnishings, lawn and garden equipment, consumer electronics, toy makers, small tool manufacturers, sporting goods, photographic equipment, and jewelry
Consumer goods are often classified as durables or non-durables. Durables are the stuff you buy to last, like a TV or a freezer.
Why is it useful?
Usually, durables goods have a slight effect on the currencies market, so the importance level of this index is considered moderate.
In general, increasing durable goods percentage clearly indicates increasing production quantity, which has a positive effect on entire economic growth levels, which leads to improving the economy and creating an upward pressure on the local currency.
Viewing other main reasons to increasing durable goods percentage, we will find that the consumers' confidence in the local economy refers to be a positive index to increasing consumers' willingness to spend money, and achieving by that higher capacity utilization levels in the economy.
The effect of durable goods on the stock market is considered to be very slight, because it could have a considerable effect on the companies sector which specialized in producing those goods, but at the same time it might not have any effect on the entire index because it includes companies shares in different sectors.
For example, increasing of company shares specialized in producing durable goods may equal declining of other companies' shares which do not, and at the end the effect of this factor is not going to make any considerable changes on the entire index.
Previous : 0.1%