New orders for US manufactured goods jumped 1 percent from a month earlier in October of 2020, following an upwardly revised 1.1 percent rise in the previous month and above market expectations of a 0.8 percent advance. It marks the 6th consecutive month of rising factory orders, led by orders for transport equipment (1.4 percent), fabricated metal products (2.3 percent), computers and electronics (3.2 percent). In contrast, orders for machinery fell 0.3 percent. Orders excluding transportation also increased 1 percent. source: U.S. Census Bureau
Factory Orders in the United States averaged 0.26 percent from 1991 until 2020, reaching an all time high of 10.30 percent in July of 2014 and a record low of -13.50 percent in April of 2020. This page provides the latest reported value for - United States Factory Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Factory Orders - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Factory Orders in the United States is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in the United States to stand at 1.70 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 0.50 percent in 2021 and 0.30 percent in 2022, according to our econometric models.