US Factory Orders Rise 1.8% in September for Third Straight Gain
New orders for manufactured goods climbed $12.2 billion in September, extending a three-month streak of increases.
New orders for manufactured goods rose 1.8 percent in September to $677.2 billion, the Census Bureau reported, marking the third consecutive monthly increase and signaling continued momentum in the U.S. industrial sector.
The monthly gain of $12.2 billion built on a revised 0.3 percent uptick recorded in August, suggesting that demand for factory output has held relatively steady heading into the final quarter of the year.
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Three straight months of order growth can indicate expanding business investment and production pipelines, as manufacturers typically ramp up output in response to sustained demand. Analysts often track this series as a leading indicator of broader industrial activity and capital expenditure trends.
The Census Bureau collects the Manufacturers' Shipments, Inventories, and Orders data monthly, drawing on surveys of domestic manufacturers across durable and nondurable goods categories. Revisions to prior months are routine as more complete data become available.
Continue reading at U.S. Census Bureau Economic Briefing Room.
