The 'Factory Orders MoM' in the USA measures the monthly change in new purchase orders placed with manufacturers for both durable and non-durable goods. This indicator is significant as it provides insights into the manufacturing sector's health and future production activity. A rise in factory orders suggests increased demand, which can stimulate economic growth, while a decline may indicate a slowdown. Financial markets closely watch this data for signs of economic momentum and potential impacts on monetary policy decisions.
The 'Factory Orders MoM' in the USA measures the monthly change in new purchase orders placed with manufacturers for both durable and non-durable goods. This indicator is significant as it provides insights into the manufacturing sector's health and future production activity. A rise in factory o...