Durable Goods Orders by Country

Why compare Durable Goods Orders across countries?

Core capital goods orders (ex defence and aircraft) are the cleanest read on business investment intentions and feed directly into GDP nowcasts. Sustained weakness signals deteriorating capex and pulls forward Fed easing expectations.

How to read the country list

Strip out volatile transportation orders (Boeing alone can swing the headline by tens of percent month-over-month) and watch core capital goods orders. Year-over-year change is the trend signal.