New orders for US manufactured goods rose by 1.1 percent from a month earlier in December 2020, following an upwardly revised 1.3 percent growth in November and beating market expectations of a 0.7 percent advance. Demand increased for machinery (2.7 percent vs 2.0 percent in November), fabricated metal products (1.2 percent vs -0.1 percent), primary metals (0.6 percent vs 1.3 percent), computers and electronic products (0.1 percent vs -0.1 percent), and electrical equipment, appliances and components (0.7 percent vs 1.8 percent). At the same time, orders for transport equipment declined by 0.8 percent (vs 2.0 percent in November), led by vehicles (-0.5 percent vs 1.3 percent), civilian aircraft (-51.7 percent vs 0.7 percent), and defense aircraft (-3.8 percent vs 5.2 percent). Excluding transportation, factory orders rose by 1.4 percent (vs 1.1 percent in November). source: U.S. Census Bureau
Factory Orders in the United States averaged 0.27 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 February of 2021.
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 0.50 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 0.50 percent in 2022 and 0.30 percent in 2023, according to our econometric models.