U.S. September Factory Orders Rise 1.8%, Beating Forecasts
JH Kim
Summary
- U.S. factory orders rose 1.8% in September from a month earlier, beating market expectations for a 1.2% increase.
- Factory orders excluding transportation and defense rose 1.3% and 2.0%, respectively, indicating a solid trend.
- Core capital goods orders, a gauge of business equipment spending, rose 0.6%, while core capital goods shipments increased 1.2%.
Forecast Trend Report by Period
U.S. factory orders rose 1.8% in September from a month earlier, topping market forecasts. Orders also increased when transportation and defense were excluded.
Walter Bloomberg reported on November 3 that September factory orders rose 1.8% from the previous month, exceeding expectations for a 1.2% increase. August's gain was revised up to 0.3%.
Factory orders excluding transportation rose 1.3%, while orders excluding defense increased 2.0%.
Durable goods orders were revised higher to a 1.9% increase. Core capital goods orders, a gauge of business equipment spending, rose 0.6%.
Core capital goods shipments also increased 1.2%.
JH Kim
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