New orders for US manufactured goods jumped 2% month-over-month in June of 2022, extending the upwardly revised 1.8% rise in May and well above market forecasts of a 1.1% increase, reflecting strong demand for products. Orders rose 2% among the non-durable goods industries, supported by petroleum and coal products (6%) and chemical products (1.1%). Durable goods industries rose at a slower 0.3%, with strong contributions from computers and electronic products (1.4%) and electronic equipment and appliances (1.3%), while transportation equipment stagnated. source: U.S. Census Bureau
Factory Orders in the United States averaged 0.30 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 August 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.