A post by @DeItaone on X.
US FACTORY ORDERS SURGE 1.8%, BEATING EXPECTATIONS
@DeItaone on X
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US factory orders rose 1.8% in September, beating the 1.2% consensus forecast and accelerating from August's upwardly revised 0.3% gain, according to data cited by Walter Bloomberg (@DeItaone). Orders excluding transportation increased 1.3%, while orders excluding defense jumped 2.0%, signaling broad-based manufacturing strength. Durable goods orders were revised higher to +1.9%, and core capital goods orders improved to +0.6%, with shipments rising 1.2%. The stronger-than-expected print matters as a sign of resilient US industrial demand heading into the fourth quarter. Watch next for whether the momentum carries into October orders and core capital goods shipments, key inputs for Q4 GDP tracking.
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US factory orders, Walter Bloomberg