Factory Orders


for example, forex
Country: USA
Definition: The net nominal difference between current monthly orders and annulled orders of the previous periods
Description: The indicator signals industrial demand on durables and non-durables. This indicator increase characterises production activity and its possible growth, while its decrease signals phase-down. That is why currency rate rises on this indicator increase and falls on decrease. This indicator includes Durable Goods Orders and Non-durable goods orders. Durable Goods Orders include goods with intended lifespan of more than 3 years (cars, furniture, building materials), which make more than 50 of the total. Non-durable goods orders include food, clothes, light industrial goods etc.
Influence: Factory Orders characterise production activity. Increase in the indicator is a positive factor for the economy, while decrease in the indicator signals decline
Market Importance: 1
Released: Released monthly at 10:00 AM ET
Source: The Census Bureau of the Department of Commerce

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