U.S. Factory Orders Rise 2.1%, Beat Expectations

U.S. factory orders increased by 2.1% in the month of September, beating expectations.

Factory orders were expected to rise 1.6%.

From The U.S. Census Bureau (emphasis ours):

New orders for manufactured goods in September, up three consecutive months, increased $8.8 billion or 2.1 per cent to $420.0 billion, the U.S. Census Bureau reported today. This followed a slight August increase. Excluding transportation, new orders increased 0.4 per cent.

Check out the full report at the Census Bureau >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.