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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%
- 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 **