U.S. Factory Orders Climb 1.8% in September, Extending Three-Month Streak
Photo: TokenPost
New orders for U.S.-manufactured goods rose 1.8% in September to $677.2 billion, exceeding a 1.2% forecast and extending the monthly growth streak to three months. The full September report was released Tuesday, Nov. 3. Orders added $12.2 billion from August, when the increase was revised to 0.3%. September orders were 7.2% higher than a year earlier. The figures are seasonally adjusted but not adjusted for price changes. Durable-goods orders rose 1.9% to $345.7 billion, while nondurable-goods orders increased 1.8% to $331.6 billion. New orders are measured net of cancellations. Transportation-equipment orders climbed 4.6% to $119.9 billion.
Source: TokenPost
