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Durable Goods Orders measures the change in the total value of new purchase orders placed with domestic manufacturers for goods intended to last three years or more. This includes items like motor vehicles, appliances, and aircraft. It is a key leading indicator of industrial production and reflects the health of the manufacturing sector.
The data is derived from the 'Manufacturers' Shipments, Inventories, and Orders' survey, which covers approximately 5,000 manufacturing companies.