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Worth noting Agenda Tue, Nov 3 ET 10:00 AM 1 min read
Factory orders measure the dollar value of new orders received by US manufacturers, covering both durable and nondurable goods. September orders are expected to rise 1.2% month on month versus a previous 0.1%, pointing to faster growth in order value. The recent October manufacturing survey reported strong demand alongside rising costs. This earlier report tests whether actual bookings were already strengthening, although more dollars ordered do not necessarily mean more goods ordered.[1]
Expected 1.2% Last release 0.1%
If it comes in above expectations If order value rises by more than 1.2%, manufacturers booked more new business in dollars than expected, supporting future production and purchases of inputs. The increase still needs to be separated into prices, large individual orders and broader demand.[1]
If it comes in below expectations If order value rises by less than 1.2%, new bookings provide less support for future production than expected, potentially making manufacturers more cautious about purchasing and staffing. Below expectations can still mean growth, not falling orders.[1]
Broad order growth generally supports industrial equipment, materials and freight businesses, but manufacturers still need selling prices to cover input costs. Companies buying those goods may face higher bills instead. Weaker orders would reduce suppliers' sales prospects while potentially easing some supply and price pressure. Check whether growth spans industries, then follow shipments and unfilled orders to see whether bookings become revenue. These are September data, not a direct verification of October's survey.[1]