Factory orders in the US jumped 2.2% mom to $557.3 billion in March of 2022, the biggest rise since May last year and twice the market forecast of a 1.1% rise, signalling strong demand for goods despite soaring prices and supply constraints. Biggest increases were seen in orders for ships and boats (18.1%), metalworking machinery (13.4%) and defense search and navigation equipment (10.8%). Orders for transportation equipment edged 0.4% higher and those for machinery 1.3%. Orders for computers and electronics jumped 2.6% and for primary metals 2.2%. Meanwhile, orders for non-defense capital goods, excluding aircraft, which are seen as a measure of business spending plans on equipment, rebounded 1.3%. Figures for February were revised to show a 0.1% gain instead of a 0.5% drop initially reported. 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 May of 2022.
Factory Orders in the United States is expected to be -0.40 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.