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US Factory Orders Rise 1.3% in April

Created at 3 Jun · 2:14 PM4 sources↑ Market-relevant4 events
IN SHORT

US factory orders excluding transportation increased by 1.3% in April, surpassing the preliminary estimate of 1.1% and the prior month's revised figure of 1.8%. Durable goods orders also saw a slight upward revision to 8.0% from 7.9% preliminary.

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Key Numbers

1.3%April factory orders ex transportation
1.8%Prior month factory orders ex transportation (revised)
8.0%April durable goods orders (revised)
7.9%Preliminary April durable goods orders
1.0%April non-defense capital goods ex air
-1.1%Preliminary April non-defense capital goods ex air

Who's Involved

United States
country reporting factory orders data
Greg Michalowski
author of the article
investinglive.com
source of the article

↳ Why This Matters

The upward revisions in factory orders, particularly for durable goods and capital goods, suggest a stronger-than-expected manufacturing sector, which could indicate resilience in industrial production and potentially influence future economic growth and Federal Reserve policy.

Key facts

  • US factory orders excluding transportation rose 1.3% in April.
  • This figure is higher than the preliminary estimate of 1.1%.
  • The prior month's figure for factory orders excluding transportation was revised to 1.8% from 1.6%.
  • Durable goods orders for April were revised up to 8.0% from a preliminary 7.9%.
  • Non-defense capital goods orders excluding air increased by 1.0% in April, exceeding the preliminary estimate of -1.1%.

In April, US factory orders excluding transportation increased by 1.3%, surpassing the preliminary estimate of 1.1% and the prior month's revised figure of 1.8%. Durable goods orders for April were revised upward to 8.0% from a preliminary 7.9%, while durable goods excluding defense also saw a slight upward revision to 8.1% from 8.1% preliminary. Non-defense capital goods orders excluding air increased by 1.0% in April, exceeding the preliminary estimate of -1.1%. The prior month's figure for factory orders excluding transportation was revised higher to 1.8% from 1.6%.

Frequently asked questions

These orders represent the value of new orders received by manufacturers for durable and non-durable goods, excluding those for transportation equipment. They are a key indicator of manufacturing activity and future production.

Durable goods orders are a measure of new orders placed with manufacturers for goods expected to last three years or more. They are a key indicator of manufacturing health and business investment.

A positive trend in factory orders suggests increasing demand for manufactured goods, which can lead to higher production levels, job growth, and overall economic expansion.

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How It Developed

3 Jun · 2:10 PM
US durables excluding transport orders remained unchanged at 1.1% in April, matching the previous month's figure.
Economic And Earnings Data via PiQSuite
3 Jun · 2:10 PM
US factory orders excluding transportation increased by 1.3% in April, down from 1.8% in the prior month.
Economic And Earnings Data via PiQSuite
3 Jun · 2:02 PM
Factory orders rise more than expected in April
Seeking Alpha via PiQSuite
3 Jun · 2:00 PM
US factory orders rose 4.8% in April, exceeding the 4.6% estimate, while prior month orders were revised to 1.5%.
ForexLive via PiQSuite

Sources

T1
🇺🇸 United States Factory orders ex transportation (Apr) $USD Actual: 1.3% Previous: 1.8% 🟢m.piqsuite.com
T1
🇺🇸 United States Durables Excluding Transport (Apr) $USD Actual: 1.1% Previous: 1.1%m.piqsuite.com
T1
Factory orders rise more than expected in Aprilm.piqsuite.com
T1
US factory orders for April 4.8% versus 4.6% estimatem.piqsuite.com

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