Factory orders are an economic indicator that measures the dollar value of new orders received by manufacturers for durable goods such as machinery, computers, electronic products, and transportation equipment. The factory orders data is reported monthly by the U.S. Census Bureau and is considered a leading indicator of manufacturing activity.
The factory orders data includes both orders for immediate delivery and those for delivery in the future, and it covers a wide range of industries, including transportation, machinery, and electronics. This data is closely watched by economists and investors as an indicator of future economic growth, as higher factory orders generally signal increased demand for goods and, in turn, increased production and economic activity.
In addition to the headline factory orders data, the Census Bureau also reports data on factory orders excluding transportation equipment, which can provide a clearer picture of underlying trends in manufacturing activity.
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