New orders for US manufactured goods fell 1% month-over-month in July of 2022, after a downwardly revised 1.8% rise in June and missing market forecasts of a 0.2% increase. Orders declined in industries producing both durables (-0.1% vs 2.3% in June) and nondurable goods (-1.9% vs 1.4%). Among durable goods, orders fell for primary metals (-1.7% vs -1.4%); electrical equipment, appliances, and component (-1.2% vs 2.7%) and transportation equipment (-0.7% vs 6.1%). Also, orders eased for computers & electronic products (0.8% vs 1.8%) and machinery (0.3% vs 0.5%). source: U.S. Census Bureau
Factory Orders in the United States averaged 0.29 percent from 1991 until 2022, 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 October of 2022.
Factory Orders in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Factory Orders is projected to trend around 0.20 percent in 2023 and 0.30 percent in 2024, according to our econometric models.