US Factory Orders Are Surging At Their Fastest Pace In Over 4 Years Following mixed manufacturing survey data, expectations were for a sizable jump in US Factory Orders in September. The actual print was even better than expected, rising 1.9% MoM (+1.8% MoM exp).
That was the third consecutive monthly gain and followed a 0.3% increase in August and lifted orders up over 10% YoY ... Core Factory Orders were even more dramatic, up 1.3% MoM (almost triple the 0.5% MoM expected). That is the strongest annual growth in core factory orders since July 2022 Transportation equipment (+4.6%) was the biggest durable-goods boost, led by a +28.3% surge in non-defense aircraft and parts (the usual volatile swing).
This full report includes non-durable goods and confirms the earlier advance durable-goods reading (also +1.8%, led by transportation equipment) signaling that demand looks reasonably healthy across both durable and nondurable goods and fits the ongoing manufacturing expansion seen in the