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2009 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Event Definitions | Today's Calendar
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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
| Released on 3/31/05 For Feb 2005 | ||||||||||
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Highlights
New orders at the nation's factories rose a mild 0.2% in February, a soft reading boosted by one-month gains in aircraft. January orders were revised down 2 tenths to unchanged.
Orders for durable goods rose 0.5% in February vs. a 1.2% dip in January (February was revised up 2 tenths from the initial reading issued last week). Orders for nondefense aircraft & parts jumped 32.2% in the month, exactly matching January's dip and offering a good illustration of month-to-month volatility in this category.
Nondurable goods orders, today's fresh data, fell 0.2% in February vs. the prior month's jump of 1.4%.
Orders for mining & oil machinery jumped sharply as did orders for turbines and generators. But other capital-goods categories were soft, with nondefense capital goods excluding aircraft falling 1.7% following big gains in the prior months.
Today's data are on the soft side, mixing with slowing but solid rates of growth in the ISM's manufacturing survey and moderately strong industrial production data from the Federal Reserve.
Factory orders rose only 0.2 percent in January due to a drop in durable goods orders. Total new orders rose 0.3 percent in February while the nondurable goods component also rose.
Factory orders Consensus Forecast for Feb 05: 0.5 percent
Range: -0.1 to 0.7 percent
![[Chart]](chart.gif)
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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 2000, shipments didn't rise as rapidly as new orders, but neither did they fall as sharply in 2001! Orders and shipments were nearly in line in 2002. |
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