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MNI: 5 Things We Learned From The September Factory Orders Data>

By Holly Stokes and Sara Haire
     WASHINGTON (MNI) - The following are the key points from the 
September factory orders report from the US Census Bureau as a 
part of the Commerce Department released Friday: 
     - Factory orders saw a 1.4% rise, higher than the expected 1.2% 
gain and the 1.2% rise in August. New orders were up 5.6% 
year-over-year.
     - Factory inventories saw a 0.7% rise. If the advance data 
for the 0.3% gain in wholesale inventories and 1.0% decline in 
retail inventories is not revised, business inventories 
should see a flat reading, based on an MNI calculation.
     - Factory orders ex transportation was up 0.7%, highest since 
January 2017, following an also strong 0.6% rise in August. 
     - Nondefense capital goods new orders was up 6.4% in the month, but 
only saw a 1.7% when excluding aircraft.    
     - Total factory inventories saw a 0.7% rise, the highest since June 
2015. Shipments saw a 0.8% rise, making the inventory to shipment ratio 
remain at 1.38. 
     ** MNI Washington Bureau: 202-371-2121 ** 
[TOPICS: MAUDS$,M$U$$$,MAUDR$] 

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