New orders for manufactured goods in January decreased $9.6 billion or 2.0 percent to $472.9 billion. However, survey estimates, are not based on a probability sample. Therefore, we can neither measure the sampling error of these estimates nor compute confidence intervals.
Manufacturers' Shipments, Inventories, and Orders survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends. Also known as "factory orders," this monthly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Census Bureau, comprises the dollar level of new orders for manufactured durable goods (products with an expected life of at least three years) and nondurable goods.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. - a Washington-State Registered Investment Adviser. Bryant provides independent, fee-only, financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. He is the author of the new book, Personal Financial Planning. Connect with Chris by E-mail or call toll-free 1-800-980-3048.
Chris Bryant is an American financial advisor.