November's durable goods orders report -- a leading indicator of manufacturing activity -- makes its way down Wall Street today.
Durable goods are defined as any big-ticket items, such as appliances or industrial machinery, which can be used for three years or more. Durables are often difficult to predict and the report is frequently revised. Despite its volatility, durable goods orders serves as a good measuring stick for the momentum of the economy and typically moves markets. A strong report could spell trouble for the bond market, whereas a weak report could be a basket of cheer for stock investors
Keep your eyes peeled for the
Personal income and consumption numbers, which are also reported today.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Durable goods orders for November. Source:
Census Bureau. Forecast: +1.6%. Previous: -5.6%.
Ex-transportation Forecast: n.a. Previous: -2.3%.
Personal income and consumption for November. Source:
Commerce Department. Forecast: +0.3. Previous: -0.2%.
Consumption Forecast: +0.2% Previous: +0.2%.
Consumer Sentiment Index for December. Source:
University of Michigan. Forecast: 98.2. Previous: 97.4 (December prelim.) 107.6 (November).