Factory Goods Orders Ex. Defence m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Factory Goods Orders Ex. Defense m/m is an economic indicator that measures the change in the total value of new purchase orders received by manufacturers for goods, excluding those related to defense, during a given month compared to the previous month.


Why is it important?

The Factory Goods Orders Ex. Defense m/m is important as it provides insight into the demand for manufactured goods, which is a key component of economic growth. It helps investors, businesses, and policymakers to track changes in manufacturing activity, which can provide insights into broader economic trends. The indicator is particularly significant as it excludes orders related to defense, which can be volatile and subject to large fluctuations. By focusing on non-defense orders, the indicator provides a clearer picture of the underlying trend in manufacturing activity. A higher-than-expected reading of Factory Goods Orders Ex. Defense m/m can indicate an increase in demand for manufactured goods, which could potentially lead to increased production, job creation, and economic growth. Conversely, a lower-than-expected reading could suggest weaker demand for manufactured goods and may indicate a potential slowdown in economic activity.

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