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Factory Orders

A report issued by the Census Bureau of the Department of Commerce consisting of the non-durable goods orders combined with the previously announced durable goods figures. Because the only new data in the report is the rather predictable non-durables, such as food and tobacco, it is often considered to be "old news" and generally has little impact on the markets. The manufacturing inventory numbers from this report are used as part of the calculation for aggregate business inventories in the quarterly GDP report.