The 'Non Defense Goods Orders Ex Air' is a U.S. economic indicator that measures the dollar amount of new orders for manufactured goods, excluding defense and aircraft. It is a key component of the Durable Goods Orders report and serves as a proxy for business investment in equipment and software, reflecting the health of the manufacturing sector. This metric is important because it provides insight into business confidence and future economic activity, influencing financial markets as it can impact GDP growth forecasts. Investors and policymakers closely watch this indicator for signs of economic expansion or contraction.
The 'Non Defense Goods Orders Ex Air' is a U.S. economic indicator that measures the dollar amount of new orders for manufactured goods, excluding defense and aircraft. It is a key component of the Durable Goods Orders report and serves as a proxy for business investment in equipment and software...