New orders for US manufactured goods rose by 1.4% from the previous month to $576.8 billion in February of 2024, trimming the upwardly revised 3.8% drop in January, and above market expectations of a 1% increase to point to further resilience of the US economy. New orders expanded by 1.3% for durable goods industries, lifted by transportation equipment (3.3%), machinery (1.8%), and fabricated metal products (0.8%). In the meantime, orders in non-durable goods industries rose by 1.2%. Excluding transportation, factory orders rose by a softer 1.1%. source: U.S. Census Bureau
Factory Orders in the United States increased 1.40 percent in February of 2024 over the previous month. Factory Orders in the United States averaged 0.28 percent from 1991 until 2024, reaching an all time high of 11.50 percent in July of 2014 and a record low of -13.90 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 April of 2024.
Factory Orders in the United States increased 1.40 percent in February of 2024 over the previous month. Factory Orders in the United States is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.