Definition
A monthly count of new orders for manufactured goods built to last three years or more, like cars, appliances and machinery.
The story
You can put off buying a new fridge or a new truck. So can a business putting off new equipment. When people and companies feel unsure, these big-ticket orders are often the first thing to slow down.
Why markets watch it
It's a read on confidence, from households and businesses alike.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms