The Factory Orders report measures dollar volume of new orders, shipments, unfilled orders, and inventories reported by domestic manufacturers. Figures within the Factory Orders report are reported in the billions of dollars and also in a percent change from the previous month. Generally the Factory Orders is not widely watched compared to other economic releases. The Advance Release on Durable Goods which precedes the Factory Orders report by one week garners more attention, given that durable goods make up more than half of factory orders.
By Barry Norman, Investors Trading Academy.
