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Factory Orders  
Released On 12/6/2018 10:00:00 AM For Oct, 2018
 PriorPrior RevisedConsensusConsensus RangeActual
Month over Month0.7 %0.2 %-2.0 %-2.2 % to -1.7 %-2.1 %
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Advance data for the durables side of the October factory orders report showed a very sharp 4.4 percent drop, reflecting a reversal for defense aircraft and step backwards for primary metals and machinery. Forecasters see factory orders in October, which will include initial data on non-durable goods, falling 2.0 percent.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month. Why Investors Care

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