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Factory Goods Orders Ex. Transportation m/m is a monthly economic indicator that measures changes in the total value of new purchase orders received by manufacturers for goods, excluding transportation-related orders, during a given month compared to the previous month. This metric is released by the US Census Bureau and is considered an important indicator of manufacturing activity and overall economic health.
Transportation-related orders, such as those for airplanes and automobiles, can be volatile and can skew the overall picture of manufacturing activity. By excluding these orders from the calculation, Factory Goods Orders Ex. Transportation m/m provides a more accurate measure of underlying trends in manufacturing activity. Investors, policymakers, and businesses can use this metric to gain insights into changes in demand for manufactured goods, identify potential risks and opportunities, and make informed decisions about investment and production levels. Rising orders can indicate an increase in manufacturing activity, which can lead to job creation and economic growth. Conversely, falling orders can indicate a slowdown in manufacturing, which can impact economic growth and employment.
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