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Factory Orders MoM

Name: Factory Orders MoM
Creator: TipRanks

The 'Factory Orders MoM' in the USA measures the monthly change in new purchase orders placed with manufacturers for both durable and non-durable goods. This indicator is significant as it provides insights into the manufacturing sector's health and future production activity. A rise in factory orders suggests increased demand, which can stimulate economic growth, while a decline may indicate a slowdown. Financial markets closely watch this data for signs of economic momentum and potential impacts on monetary policy decisions.