U.S. September factory orders data
SPY•U.S. factory orders rose 1.8% in September, above economists’ 1.2% forecast. Shipments increased 1.3%, while inventories rose 0.4%.
1. Orders rise in September
Seasonally adjusted U.S. factory orders increased 1.8% in September, following gains of 0.3% in August and 0.8% in July. Orders excluding transportation rose 1.3%, and durable goods orders increased 1.9%.
2. Shipments and inventories
Shipments rose 1.3% to $668.454 billion, and inventories increased 0.4% to $976.044 billion. The inventories-to-shipments ratio was 1.46, down from 1.47 in August.
