New orders for US manufactured goods edged up 0.4% mom in July of 2021, slowing from a 1.5% jump in the previous month but less than market forecasts of 0.3%. Orders rose for machinery (2.9%), namely mining, oil field, and gas field machinery (21.1%) and industrial machinery (8.1%); and primary metals (3%), namely ferrous metal foundries (7%). In contrast, orders for transport equipment fell 2.1%; computers and electronic products went down 0.4%; and those of electrical equipment, appliances and components dropped 1.7%. Excluding transportation equipment, new orders rose 0.8%. source: U.S. Census Bureau
Factory Orders in the United States averaged 0.27 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 September 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. 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.