Factory Orders m/m

MeasuresChange in the total value of new purchase orders placed with manufacturers;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, about 35 days after the month ends;
Next Release
FF NotesThis report contains a revision of the Durable Goods Orders data released about a week earlier, and fresh data regarding non-durable goods;
Why Traders
It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;