Factory orders in the US jumped 6.4 percent month-over-month in July of 2020, the same as an upwardly revised increase in June. Figures beat market forecasts of a 6 percent rise as the manufacturing sector recovers from sharp disruptions in March and April due to the coronavirus outbreak. Demand for transport equipment increased 35.7 percent (vs 19.5 percent in June) boosted by vehicles and defense aircraft. Demand was also higher for machinery (2 percent vs 3.8 percent), fabricated metal products (2.7 percent vs 5.7 percent), and computers and electronics (2.6 percent vs -0.1 percent). Excluding transportation, factory orders increased at a slower 2.1 percent.
Factory Orders in the United States averaged 0.25 percent from 1991 until 2020, reaching an all time high of 10.30 percent in July of 2014 and a record low of -13.50 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 September of 2020. source: U.S. Census Bureau
Factory Orders in the United States is expected to be -5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in the United States to stand at 1.50 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 0.50 percent in 2021 and 0.30 percent in 2022, according to our econometric models.