The factory orders report is created by the United States Census Bureau which consists of both non durable and durable goods report. It also includes detailed report along with non-durable goods orders. This report is a predictable and complete report containing all contents of tends to be rather predictable with non durable goods appearing as the only new component to the previous report.
Source:US Department of Commerce; U.S. Census Bureau
Frequency:Monthly
Availability:This reports is released two times each month. There are two releases each month, with data covering the previous two months#The Census Bureau releases the Advance Report on Durable Goods Manufacturers’ Shipments at 8:30 AM EST about every 18 working days after each month.
Moreover, Census Bureau releases the Manufacturers’ Shipments, Inventories, and Orders report at 10:00 AM EST after every 23 working days after every month.
The list of non durable goods includes many non food items and commodities such as food and tobacco products which are grown at a fairly regular monthly rate.It should be make sure that leading market forecasts must be made on the whole fare more accurate as compared to featured in the durable goods orders report.
In addition to that non durable goods appeared on the report for the first time is mostly revised after getting durable orders data. However, it should be kept in mind that present durable goods orders tend to sum to around 54% of total orders.
The information provided in the above mentioned report is mainly related to factory inventories and that offers a very good actual initial glimpse into the inventory picture every month with separate inventories due to be issued for the disparate industries. The wholesales inventories are very important as they are released in the upcoming week and these inventories are released a fr days after that. However, it should be kept in mind that the inventory figures themselves do not tend to affect markets but economists utilize these numbers to aid forecast inventories measurements in the quarterly Gross Domestic Product GDP report
Links: http://www.census.gov/indicator/www/m3/ Manufacturers’ Shipments, Inventories, and Orders report – U.S. Census Bureau Official Website Durable Goods Orders