New orders for U.S.-made goods increased more than expected in September, boosted by strong demand for computers and electronic products among others, but higher borrowing costs remain a challenge for manufacturing.
Factory orders jumped 2.8% after rising 1.0% in August, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast orders would increase 2.4%. Orders advanced 0.7% on a year-on-year basis in September.
Spending on goods surged in the third quarter, keeping a floor under manufacturing. But the sector, which accounts for 11.1% of the economy, remains constrained by higher interest rates. Orders for computers and electronic products rose a solid 1.0%. Orders of electrical equipment, appliances and components gained 1.0%. Machinery orders increased 0.7%.
Civilian aircraft orders rebounded 92.5%, while motor vehicle, parts and trailers orders climbed 0.6%. Shipments of manufactured goods rose 0.4%. Manufactured goods inventories increased 0.2%, while unfilled orders shot up 1.4%. The government also reported that orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans on equipment, increased 0.5% instead of 0.4% as reported in last month's estimate.
Shipments of these so-called core capital goods fell 0.1% instead of being unchanged as previously reported. Business spending on equipment contracted in the third quarter.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US factory orders surge in SeptemberUS factory orders surge in September
Les mer »
United States Factory Orders (MoM) climb 2.8% in SeptemberFactory Orders (MoM) in the United States climbed 2.8% in September, exceeding the 2.
Les mer »
U.S. September factory orders jump 2.8%, highest since start of 2021First increase after two monthly declines
Les mer »
U.S. factory orders post sharpest rise in September since early 2021First increase after two monthly declines
Les mer »
DoorDash orders surge 24% in the third quarter, helping the company narrow its lossesDoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.
Les mer »
DoorDash orders surge 24% in the third quarter, helping the company narrow its lossesDoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.
Les mer »