September Factory Orders Unexpectedly Climb 0.3%

manufacturing

September factory orders grew 0.3% month-over-month.

Analysts expected orders to decline 0.2%.

Excluding transportation, new orders jumped 1.3%.

From the press release:

New orders for manufactured goods in September, up three consecutive months, increased $1.4 billion or 0.3 per cent to $453.5 billion, the U.S. Census Bureau reported today. This followed a 0.1 per cent August increase. Excluding transportation, new orders increased 1.3 per cent.

Shipments, up four consecutive months, increased $1.3 billion or 0.3 per cent to $452.7 billion. This followed a 0.1 per cent August increase.

Unfilled orders, up seventeen of the last eighteen months, increased $7.5 billion or 0.9 per cent to $886.3 billion. This followed a 0.9 per cent August increase. The unfilled orders-to-shipments ratio was 6.10, up from 6.07 in August.

Inventories, up 20 three of the last 20 four months, increased $0.6 billion or 0.1 per cent to $601.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 per cent August increase. The inventories-to- shipments ratio was 1.33, unchanged from August.

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