Legacy Thread

[basserdan]

10:00a Factory Orders M/M change -0.5% actual vs 0.0% (rev) prior month

Consensus Outlook
The advance headline of the durables side of the February factory orders report fell 1.6 percent while ex-transportation orders managed a 0.1 percent increase with core capital goods orders, however, down 0.1 percent. Forecasters see factory orders in February, which will include initial data on non-durable goods, falling 0.6 percent.

Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.


Shipments fluctuate less than new orders but underlying trends for both series reveal themselves in year-over-year change.
Data Source: Haver Analytics