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 countryâ€²s factories. An increase in factory orders can indicate a growing economy, and possible inflation.