Definition of 'Factory Orders'
- New orders
- Unfilled orders
The Factory Orders report is not as widely watched compared to other economic releases. The Advance Release on Durable Goods which precedes the Factory Orders report by one week gets more attention. This is because the durable goods figure is more than half of factory orders figure.
Bureau of the Census at the United States Department of Commerce release this report once a month in the first week of the month. The report references two months prior to the release month. January's figures are released in the first week of March.
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