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Factory Orders

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Post  Admin on Wed May 03, 2017 7:36 am

The indicator signals industrial demand on durables and non-durables. An increase in the reading indicates a possible growth in production activity, while a decrease signals a phasedown.
That is why the currency rate rises on increases and falls on decreases.
This indicator includes Durable Goods Orders and Non-durable Goods Orders.

The Durable Goods Orders indicator includes goods with intended lifespan of more than 3 years (cars, furniture, building materials), which make more than 50 of the total. Non-durable goods orders include food, clothes, light industrial goods etc.

The Factory Orders report characterizes production activity. Increase in the indicator is a positive factor for the economy, while decrease in the indicator signals a downturn.


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