New orders for manufactured goods in the US excluding transportation rose 0.3 percent from a month earlier in October 2018, following a downwardly revised 0.1 percent gain in September. Factory Orders Ex Transportation in the United States averaged 0.26 percent from 1992 until 2018, reaching an all time high of 4.60 percent in March of 1996 and a record low of -7.20 percent in November of 2008.
Factory Orders Ex Transportation 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 Ex Transportation in the United States to stand at 0.50 in 12 months time. In the long-term, the United States Factory Orders Ex Transportation is projected to trend around 1.00 percent in 2020, according to our econometric models.