Factory Orders Rise
Factory orders rose in September:
New orders for manufactured goods in September, up five of the last six months, increased $3.3 billion or 0.9 percent to $356.1 billion, the U.S. Census Bureau reported today. This followed a 0.8 percent August decrease. Excluding transportation, new orders increased 0.8 percent.
Further good news in the new orders data:
New Orders
New orders for manufactured durable goods in September, up two of the last three months, increased $2.2 billion or 1.4 percent to $166.2 billion, revised from the previously published 1.0 percent increase. This followed a 2.7 percent August decrease.
Machinery, up five of the last six months, had the largest increase, $1.7 billion or 7.9 percent to $23.5 billion.
New orders for manufactured nondurable goods increased $1.1 billion or 0.6 percent to $189.9 billion.
Generally a positive report. The economic data released over the last few weeks has been generally pretty positive. It just goes to show that economic data and stock market performance are not always correlated well.
- November 3rd
