What Are Factory Orders?
Factory Orders (Factory Orders) are new orders, undelivered orders, and inventory in US dollars announced by the domestic manufacturing industry. It is more comprehensive and specific than the durable goods event announced a week ago.
Factory order
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- Chinese name
- Factory order
- Category
- Other economically relevant
- Application
- Industrial activity
- Order data
- Up or down
- Factory Orders (Factory Orders) are new orders, undelivered orders, and inventory in US dollars announced by the domestic manufacturing industry. It is more comprehensive and specific than the durable goods event announced a week ago.
- In order to analyze new orders and shipments, and their importance in the development of industrial activities and economic health, industries with large volatility, mainly aircraft and government needs (such as defense orders), are usually excluded. The biggest shortcoming of the new orders in reflecting US demand is that import demand is not included, while overseas resource requirements for US production are included.
- The increase in factory order data indicates that corporate activities are improving and the economy is improving. The decline in factory orders indicates that business activities are trapped and the economy is prone to shrink.