Definitions for "Factory Orders"
An economic indicator which marks the change from one period to another of the orders for durable and nondurable goods. More orders means economic growth whereas the opposite signifies a slowdown.
Reported by the Commerce Department, it is a tally of U.S. manufacturers' shipments, inventories and orders for consumer goods.
Used as an economic indicator, this is a statistic that includes the new and unfilled orders, shipments, and inventories of the country′s factories. An increase in factory orders can indicate a growing economy, and possible inflation.