US factory orders for October 1.0% versus 0.7% estimate

Factory orders for October 2022

• US factory orders for the month of October 1.0% versus 0.7% estimate.. The prior month was unrevised at 0.3%
• Ex transportation +0.8% versus -0.2% last month. That is revised lower from -0.1%
• Ex defense +0.9% versus 0.8% in September
• shipments increased by 0.7% versus 0.3% last month
• unfilled orders up 0.6% versus 0.5% increase last month
• unfilled orders to shipments ratio was 6.03 unchanged from September
• inventories increased by 0.5% versus a 0.1% gain in September

Durable goods were released at the end of last month. The revisions (durable goods orders are a part of Factory orders) showed:

• Durable goods orders revised to 1.1% from +1.0% in the preliminary report. Last month, durable goods rose 0.2%
• Durable goods shipments increased by 0.4% after a 0.3% gain in September
• Unfilled orders for durable goods increase by 0.6% versus 0.5% in September

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term