New orders for US manufactured goods rose by 8.0 percent from a month earlier in May 2020, partially recovering from a record 13.5 percent tumble in April and missing market expectations of an 8.9 percent growth, as several states gradually lifted coronavirus restrictions. Demand for transport equipment jumped 82.0 percent (vs -48.9 percent in April) led by vehicles and defense aircraft. In addition, new orders were up for primary metals (8.9 percent vs -14.5 percent), fabricated metal products (7.4 percent vs -13.6 percent), furniture and related products (5.3 percent vs -12.4 percent), electrical equipment, appliances, and components (1.0 percent vs -9.0 percent), computers and electronic products (0.7 percent vs -0.1 percent), and machinery (0.5 percent vs -8.0 percent).
Factory Orders in the United States averaged 0.22 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 July of 2020. source: U.S. Census Bureau
Factory Orders in the United States is expected to be -5.20 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 1.50 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 0.30 percent in 2021, according to our econometric models.