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 ** 

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