US Sept factory orders data

What happened

Reuters reported that the U.S. Commerce Department released data on U.S. factory orders, shipments and unfilled orders, and pointed readers to a Census Bureau report.

Confirmed

Global impact / market context

Factory orders show how much companies are buying from manufacturers, while shipments show goods leaving factories and unfilled orders show demand waiting to be filled, giving clues about future production, revenue and hiring.

Analyst inference

This report covers U.S. manufacturing activity, a large part of the economy. Investors use it to judge demand trends for industrial companies, which can influence views on sales, costs and capital spending plans.

Analyst inference

What to watch

1. Watch for updates from the U.S. Commerce Department covering factory orders, shipments and unfilled orders, the three measures named in the report. Confirmed
2. Watch whether unfilled orders rise faster than shipments, which would suggest factories have more work queued and may need to add staff or capacity. Analyst inference
3. Readers wanting the detailed figures should open the Census Bureau report linked in the article to review the actual order, shipment and backlog numbers. Proposed

Evidence

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