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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Core Durable Goods Orders MoM held to -1.4% in April 2013
U.S. Bureau of Economic AnalysisMonthlyReleased April 2013
US Core Durable Goods Orders MoM held to -1.4% in April 2013. The reading missed the 0.5% consensus by 1.9%.
Latest Release
-1.4
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 MoM (United States) was reported at -1.4% in April 2013. This missed the market consensus of 0.5% by 1.9%. This is classified as a high-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 Philadelphia Fed Manufacturing Index (Jun 18) and Initial Jobless Claims (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Core Durable Goods Orders MoM - US
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About Core Durable Goods Orders MoM — United States
DEFINITION
Core Durable Goods Orders MoM is a key economic indicator that measures the monthly change in the total value of new orders for long-lasting goods, excluding volatile transportation equipment. This indicator provides valuable insights into the strength of the manufacturing sector and overall economic activity. It is closely monitored by investors, policymakers, and analysts as it can signal potential changes in consumer spending and business investment. A positive reading indicates an increase in demand for durable goods, while a negative reading suggests a decline. Overall, Core Durable Goods Orders MoM is an important tool for assessing the health of the economy and making informed financial decisions.
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 typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual -1.4 %, 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.