US Factory Orders Are Surging At Their Fastest Pace In Over 4 Years

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 2022Transportation 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...

Read the full article at the source.