19:58דצמבר 03, 2021MT Newswires

Factory Orders Rise More Than Expected in October

Orders for US factory goods rose more than expected in October, government data showed Friday.

New orders for manufactured goods rose 1% to $522.1 billion, compared with an upwardly revised print of a 0.5% increase in September, according to the Census Bureau. Analysts polled by Econoday had expected a 0.5% gain.

Manufactured durable goods orders fell for the second straight month by 0.4% to $260.3 billion, weighed down by transportation equipment, which slid 2.6% to $75.3 billion.

New orders for manufactured non-durable goods rose 2.4% to $261.9 billion.

Shipments for manufactured durable goods grew 1.6% to $261.5 billion, boosted by transportation equipment, which climbed 3.2% to $75.3 billion following two straight monthly declines.

Non-durable goods shipments increased 2.4% to $261.9 billion as shipments of petroleum and coal products grew 8.5% to $57.7 billion.