Monitor GE Factory Orders m/m to gauge production trends. Rising orders often predict increased manufacturing activity.
As a primary indicator of production, an increase in purchase orders suggests that manufacturers are likely to ramp up activity to fulfill these orders.
What it Measures
This measures the change in the total value of new purchase orders made to manufacturers.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it tends to be positive for the currency.
Source & Frequency
Destatis (latest release) - https://www.destatis.de/EN/Home/ • This data is published monthly, typically around 35 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
Industrial Orders, Manufacturing Orders
Acronym
N/A