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Durable Goods
Term category: Economics
In 10 words or less:  A monthly report used to determine consumer confidence.

Definition: The durable goods indicator is a monthly report that helps investors determine consumer confidence.  If durable goods sales are strong, consumers are confident about the economy and are more willing to make large purchases.

Advice: This report has some value but if you're focusing on consumer confidence, there are many more indicators out there to look at.  The consumer sentiment index measures just consumer sentiment.  The consumer discretionary and discretionary spending indicators are also great measures.

 

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