Factory Orders


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Factory Orders

Orders that companies make for both durable goods and non-durable goods that they wish to sell to customers. Examples of durable goods include cars and flatware (because they are intended to last longer than three years), while examples of non-durable goods include food and clothing. If factory orders increase, it is a sign of a healthy economy because it shows that consumers are willing to make purchases. As such, factory orders are a major economic indicator.
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* Data on July factory orders will be released at 10:00 a.m.
Analysts assume July figures of 1.2% for factory orders and -0.4% for shipments, given an assumed 0.4% price-restrained rise for nondurable goods shipments and orders.
However, in a ray of hope for Germany, factory orders were shown to have beaten economists' expectations yesterday.
Summary: New Delhi [India], Aug 1 (ANI): Economic growth in India's manufacturing industry was sustained in July with companies scaling up production in response to a quicker upturn in factory orders, according to IHS Markit India Manufacturing Purchasing Managers' Index (PMI) released on Thursday.
Other notable indicators this week include Markit's PMI reading on services and manufacturing sector, factory orders and total vehicle sales.
The Commerce Department said factory orders spiked by 1.9% in March after falling by a revised 0.3% in February.
China's official planning committee warned on Monday that pressure on the economy would affect the labor market, while a drop in factory orders indicated a further drop in activity in the coming months and more jobs were lost.
The Commerce Department said factory orders surged 2.3 percent in August, the biggest increase since September 2017.
German factory orders rose strongly in October in a development that's likely to ease concerns over the state of Europe's largest economy.
Factory orders fell 0.7 percent in October following declines of 0.5 percent in September and 10 percent in August, the Commerce Department reported Friday.
In June, German factory orders had declined by 2.7 percent.
Official data showed that factory orders were up 1.2pc in January, better than analysts had predicted.