2012 Economic Calendar
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Factory Orders
Released On 2/3/2012 10:00:00 AM For Dec, 2011
PriorPrior RevisedConsensusConsensus RangeActual
Factory Orders - M/M change1.8 %2.2 %1.5 %-1.0 % to 2.3 %1.1 %

Highlights
Factory orders rose a very healthy 1.1 percent in December on top of November's even stronger and upwardly revised 2.2 percent jump. The gain is centered in durable goods which jumped 3.0 percent in the month on top of November's 4.2 percent rise. Orders for nondurable goods, always affected by monthly swings in energy prices, fell 0.4 percent in December.

Other data are positive including a solid 0.7 percent rise for factory shipments, a 1.4 percent jump in backlog orders, and a thin 0.1 percent rise inventories that point to very lean and healthy conditions in the supply chain. The manufacturing sector is once again providing leadership in the economy's recovery.

Market Consensus before announcement
Factory orders fell 0.4 percent in October with both orders for durables goods, down 0.5 percent, and orders for non-durable goods, down 0.3 percent, showing weakness. The decline on the durables side was skewed by a monthly downswing in aircraft orders while the decline on the non-durables side reflected price changes for energy products. More recently, new factory orders for durables in December jumped another 3.0 percent, following a revised 4.3 percent surge the month before (prior revised estimate, up 3.7 percent). Excluding transportation, durables rose a healthy 2.1 percent after a 0.5 percent advance in November (prior revised estimate, up 0.3 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.  Why Investors Care
 
[Chart]
Even though monthly shipment data fluctuate less than new orders, both series show underlying trends more clearly by looking at year-over-year changes. In 2005 for example,new orders rose more rapidly than shipments due to large gains in aircraft orders. Aircraft orders have a long lead to shipment.
Data Source: Haver Analytics
 

 

2012 Release Schedule
Released On: 1/42/33/54/35/26/47/38/28/3110/411/212/5
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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