Production orders in America dive by 0.8% in April

Production orders in America dive by 0.8% in April

In April, new orders for goods produced in the United States headed south more than expected that was provoked by a dive in demand for transportation equipment as well as spare parts, although the key trend kept determining a firm impetus in the manufacturing sector.

Orders for factory stuff slumped by 0.8%, as the Ministry of Commerce informed on Monday. As a matter of fact, the data for March was updated to show that orders headed north by 1.7% instead of the previously achieved surge of about 1.6%.

Market experts forecast that in April production orders would go down by 0.5%. Compared to 2017 orders rallied by 8.3% in April.

The monthly sag in production orders will probably be temporary in the face of sturdy production conditions in May. A survey conducted the previous week disclosed that moods among producers were much better in May due to a leap in new orders.

Orders for transportation equipment went down by 6% due to a 28.9% sag in the wavering category of orders for civilian aircraft. Transportation orders managed to ascend by 6.9% in March. Orders for vehicles went up by 1.0% in April.

Orders for equipment went down by 0.7% having sagged by 3.1% in March. It influenced the reduction of orders for mining, gas and oil equipment by 11.6%. As for orders for industrial machinery, they inched down by 10%.

There was a dive in the number of orders for PCs. However, orders for household appliances, electrical equipment as well as components dipped by approximately 1.8%. Orders for factory metal products along with primary metals have slumped too.

Shipments of key capital goods employed to calculate the cost of business equipment in the GDP report rallied about 0.9% in April versus a 0.8% jump the previous month.


CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera