September Factory Orders Rise 2.1%
.S. factory orders rose 2.1% in September, the Commerce Department reported Wednesday.
September’s increase, driven by rising aircraft orders, follows a revised 0.3% decline in August.
The gain was less than the 4% increase expected by economists, Bloomberg reported.
Excluding transportation equipment, orders fell 2.4% after August’s 0.7% decline, Commerce said.
Durable goods orders, which make up just over half of all orders, rose 8.3% after no change in August. Durables had previously been reported as rising 7.8%, Bloomberg said.
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