Factory orders in the US surged 1.7 percent month-over-month in May of 2021, following a downwardly revised 0.1 percent drop in the previous month and slightly higher than market forecasts of a 1.6 percent gain. Transportation equipment recorded the biggest rise (7.7 percent), namely ships and boats (88 percent) and nondefense aircraft and parts (27.9 percent). Orders for primary metals increased 2.2 percent while orders for computers and electronics (-0.3 percent) and fabricated metals (-1.4 percent) were lower. Excluding transportation, factory orders increased 0.7 percent. source: U.S. Census Bureau
Factory Orders in the United States averaged 0.26 percent from 1991 until 2021, reaching an all time high of 12.20 percent in July of 2014 and a record low of -13 percent in March 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 2021.
Factory Orders in the United States is expected to be 0.70 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 -0.40 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.