United States Factory Orders (MoM)

Factory orders, released by the United States (US) Census Bureau on a monthly basis, measures the change in the value of new purchased orders of manufactured goods at US factories. The data, which isn’t adjusted for inflation, is published in the monthly report on Manufacturers’ Shipments, Inventories and Orders. New orders are considered a forward-looking indicator as they hint at demand ahead for manufacturing goods and thus can be indicative of future production levels. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.