New orders for US manufactured goods dropped 0.7 percent from a month earlier in November 2019, compared to market expectations of a 0.8 percent decline and following a 0.2 percent growth in October. Demand fell for machinery (-1.2 percent vs 0.8 percent), transportation equipment (-5.9 percent vs flat reading) and primary metals (-0.6 percent vs -1.7 percent). Meanwhile, orders for electrical equipment, appliances, and components posted the largest increase (2.0 percent vs -1.5 percent), followed by furniture and related products (1.0 percent vs 3.8 percent), computers and electronic products (0.2 percent vs 0.4 percent), and fabricated metal products (0.2 percent vs 1.1 percent). Year-on-year, factory orders were 0.7 percent lower. Factory Orders in the United States averaged 0.27 percent from 1991 until 2019, reaching an all time high of 10.40 percent in July of 2014 and a record low of -9.70 percent in August of 2014. source: U.S. Census Bureau
Factory Orders in the United States is expected to be 0.10 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 0.80 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 0.30 percent in 2020, according to our econometric models.