Loading page content
Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Core Durable Goods Orders held to 1.3% in May 2013
U.S. Bureau of Economic AnalysisMonthlyReleased May 2013
US Core Durable Goods Orders held to 1.3% in May 2013. The print exceeded the 0.5% consensus by 0.8%.
Latest Release
1.3
Actual
0.5
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Durable Goods Orders (United States) was reported at 1.3% in May 2013. This beat the market consensus of 0.5% by 0.8%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
SHARE
Core Durable Goods Orders - US
Loading chart data...
About Core Durable Goods Orders — United States
DEFINITION
Core Durable Goods Orders is a key economic indicator that measures the total value of new orders for long-lasting goods, excluding volatile transportation equipment. This indicator provides insight into the strength of the manufacturing sector and overall economic growth, as durable goods are typically expensive and require long-term investment. It is closely monitored by investors, policymakers, and analysts as it can signal changes in consumer and business spending patterns. A higher Core Durable Goods Orders figure is generally seen as a positive sign for the economy, while a decline may indicate a slowdown in economic activity.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual 1.3 %, consensus 0.5 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.