US Factory Orders Beat Expectations in September
New orders for US factory goods increased more than expected in September, rising 1.8 percent and driven largely by bookings for aircraft and electronics. Government data shows manufacturing is being supported by consumer spending and infrastructure.
New orders for United States factory goods rose 1.8% in September, beating forecasts on surging aircraft bookings. Economists surveyed by Reuters had expected a smaller 1.2% increase following an upwardly revised 0.3% gain in August. The data highlights resilient industrial demand even as borrowing costs weigh on broader manufacturing segments.
