United States Factory Orders
Oct 31, 2023
Jan 05, 2024
Time to Release
30 Days 23 Hours
Factory orders report is compiled from results of "Manufacturers’ Shipments, Inventories, and Orders (M3) survey" and shows the value of new factory orders for both durable (50% of total orders) and non-durable goods. The survey is usually released a week after durable goods orders report. .
Factory orders in the US sank 3.6% month-over-month in October 2023, following a downwardly revised 2.3% rise in September, and worse than market forecasts of a 2.8% fall. It is the biggest decrease since April 2020, in a sign the industrial sector is suffering from high interest rates and inflation. Orders for transportation equipment sank 14.7%, namely nondefense aircraft and parts (-49.6%). Orders also declined for electrical equipment, appliances, and components (-1.1%), machinery (-0.3%) and primary metals (-0.3%). In contrast, orders rose for fabricated metal products (0.4%) and computers and electronic products (0.3%). Excluding transportation, factory orders were down 1.2% and excluding defense, orders sank 4.2%.
United States Factory Orders History
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