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 === 4. New orders ===
-New orders indicators provide a measure of the value of orders received by the unit during the reference period. It is defined as the value of all legally binding contracts between a producer and a consumer for future deliveries by the producer of goods or services.
+Details: [[New Orders]]
-New orders are a leading indicator of production in that they measure future demand and production requirements. Enterprises may meet orders through: their own production processes; by sub-contracting some or all of the production process or through the resale of goods purchased.<ref>https://stats.oecd.org/glossary/detail.asp?ID=4363#:~:text=New%20orders%20are%20a%20leading,future%20demand%20and%20production%20requirements.</ref>
 Current data:
-# The ISM Manufacturing New Orders subindex in the United States decreased to 42.50 points in January of 2023 from 45.1 in December. It is the lowest reading since May of 2020 at the height of the covid pandemic.  <ref>https://tradingeconomics.com/united-states/ism-manufacturing-new-orders</ref>
+* The ISM Manufacturing New Orders subindex in the United States decreased to 44.3 in March of 2023 from 47 in February, as companies become more concerned about when manufacturing growth will resume<ref>https://tradingeconomics.com/united-states/ism-manufacturing-new-orders</ref>
-# The ISM Non Manufacturing New Orders subindex in the United States increased to a four-month high of 60.40 points in January, rebounding from 45.20 points in December of 2022. <ref>https://tradingeconomics.com/united-states/ism-non-manufacturing-new-orders</ref>
+* The ISM Non Manufacturing New Orders subindex in the United States decreased to a three-month low of 52.20 points in March from 62.60 points in February of 2023<ref>https://tradingeconomics.com/united-states/ism-non-manufacturing-new-orders</ref>
-# New orders for manufactured durable goods in December, up four of the last five months, increased $15.3 billion or 5.6 percent to $286.9 billion. This followed a 1.7 percent November decrease. Excluding transportation, new orders decreased 0.1 percent.  <ref>https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf</ref>
+* New orders for manufactured durable goods in February, down three of the last four months, decreased $2.6 billion or 1.0 percent to $268.4 billion, the U.S. Census Bureau announced today. This followed a 5.0 percent January decrease.<ref>https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf</ref>
-The current data in new orders is in the contracting territory for manufacturing but not for services, however, both are in a downtrend.  This points to weaker and contracting future output or production, especially in the manufacturing sector. New orders is considered more of a short term leading indicator, so we can expect the weakness to materialize in production in Q1/Q2 2023.
+The current data in new orders is in the contracting territory for manufacturing but not for services, however, both are in a downtrend.  This points to weaker and contracting future output or production, especially in the manufacturing sector. New orders is considered more of a short term leading indicator, so we can expect the weakness to materialize in production in Q2 2023.
 === 5. Jobless Claims ===