News Summary: US factory orders up 4.8 pct in Sept

Associated Press

TURNAROUND IN ORDERS: U.S. companies boosted their orders for manufactured goods by 4.8 percent in September, the largest amount in 18 months. That was a reversal from a 5.1 percent decline in August.

THE DETAILS: The September gain was driven by a surge in demand for commercial aircraft, a volatile category which had seen orders plunge in August, the Commerce Department reported on Friday.

STILL CAUTIOUS: But companies remained cautious in ordering goods that signal plans to expand and modernize. Demand for core capital goods, viewed as a good proxy for business investment plans, edged up a slight 0.2 percent in September following a 0.3 percent rise in August. Those modest gains followed two months of huge declines as business investment remains weak.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You