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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Durable Goods Orders ex Transp. MoM held to -0.1% in September 2013
U.S. Bureau of Economic AnalysisMonthlyReleased September 2013
US Durable Goods Orders ex Transp. MoM held to -0.1% in September 2013. The reading missed the 1.0% consensus by 1.1%.
Latest Release
-0.1
Actual
1
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
Durable Goods Orders ex Transp. MoM (United States) was reported at -0.1% in September 2013. This missed the market consensus of 1% by 1.1%. 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 September 2013.
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Durable Goods Orders ex Transp. MoM - US
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About Durable Goods Orders ex Transp. MoM — United States
DEFINITION
Durable Goods Orders ex Transp. MoM is a monthly financial indicator that measures the change in orders for long-lasting goods, such as appliances, furniture, and machinery, excluding the volatile transportation sector. This indicator provides insight into the overall strength of the manufacturing sector and consumer spending, as durable goods are typically considered big-ticket items that require significant investment. By excluding transportation, which can have large fluctuations due to factors such as aircraft orders, this indicator offers a more accurate representation of underlying economic trends.
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 (Sep 2013): actual -0.1 %, consensus 1 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.