The Factory Orders report is a key economic indicator that details the events of both durable and non-durable goods orders. The report is released by the U.S. Census Bureau, and consists of two separate reports: the durable goods report and the non-durable goods report.The durable goods report measures new orders placed with domestic manufacturers for products such as cars, appliances, and furniture that are expected to last at least three years. The non-durable goods report measures new orders placed with domestic manufacturers for products such as food, clothing, paper products, and chemicals that are not expected to last more than three years.Both reports are important indicators of economic health because they measure demand from consumers and businesses for different types of products. The factory orders report can help economists predict future changes in employment levels, production output, and consumer spending.
