“New orders for manufactured goods in September, up four of the last five months, increased $3.4 billion or 0.7 percent to $515.3 billion,” the U.S. Census Bureau reported on Friday.
Key quotes
- This followed a 2.6 percent August increase. Shipments, up sixteen of the last seventeen months, increased $4.6 billion or 0.9 percent to $509.8 billion.
- The inventories”to”shipments ratio was 1.33, down from 1.34 in August.
- New orders for manufactured durable goods in September, up three of the last four months, increased $1.8 billion or 0.7 percent to $262.0 billion, down from the previously published 0.8 percent increase.
- This followed a 4.7 percent August increase.
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