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Username: LuckyMan

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 07 Oct 2015
Category 25
Tag Forex-indicator
Question Please give the definition of factory orders.
Advice from Guru
Hello LuckyMan,

An economic indicator that reports the dollar level of new factory orders for both durable and non-durable goods. The factory orders report is released monthly by the Census Bureau of the U.S. Department of Commerce one or two weeks following the durable goods orders report.

The factory orders report is split up into four sections:

- New orders - indicating whether orders are growing or slowing
- Unfilled orders - indicating a backlog in production
- Shipments - indicating current sales
- Inventories - indicating strength of current and future production

It is also known as the "Manufacturers' Shipments, Inventories and Orders".

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