U.S. Factory Orders Increase 1.8% in September, Exceeding Expectations
U.S. factory orders grew by 1.8% in September, reaching a total value of $677.2 billion. This figure significantly outperformed market expectations, which had forecasted a more modest increase of 1.2%, and represents a substantial acceleration from the previous month's revised growth of 0.3%. The data, released by the U.S. Census Bureau, also indicated a slight improvement in inventory management, with the inventories-to-shipments ratio dropping to 1.46 from August's 1.47. This suggests efficient movement of goods despite the rise in order volume.
Topics: Census Bureau Data Economic Indicators Inventories-to-shipments ratio U.S. Factory Orders
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