FOREX TradingCharts.com

Financial News: U.S. Factory Orders Jump Much More Than Expected

U.S. Factory Orders Jump Much More Than Expected In October

12/03/2021 - 10:48:00 (RTTNews)

(RTTNews) - Reflecting a sharp increase in orders for non-durable goods, the Commerce Department released a report on Friday showing new orders for U.S. manufactured goods jumped much more than expected in the month of October.

The Commerce Department said factory orders surged up by 1.0 percent in October after climbing by an upwardly revised 0.5 percent in September.

Economists had expected factory orders to increase by 0.5 percent compared to the 0.2 percent uptick originally reported for the previous month.

The stronger than expected growth came as orders for non-durable goods shot up by 2.4 percent in October after jumping by 1.3 percent in September.

The spike in non-durable goods orders more than offset a decrease in durable goods orders, which fell by 0.4 percent for the second consecutive month amid a steep drop in orders for transportation equipment.

The report also showed shipments of manufactured goods soared by 2.0 percent in October following a 1.0 percent advance in September.

Inventories of manufactured goods also increased by 0.8 percent in October after jumping by 1.0 percent in the previous month.

With shipments climbing more than inventories, the inventories-to-shipments ratio dropped to 1.46 in October from 1.48 in September.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China GDP Growth Slows In Q4; PBoC Cuts Lending Rate (01 hr(s), 51 min(s), 10 sec(s) ago)
(RTTNews) - China's economy grew at a slower pace in the fourth quarter of 2021 amid weak prop ...Full Story»

India Trade Deficit Widens In December (47 min(s), 50 sec(s) ago)
(RTTNews) - India's overall trade deficit widened in December with imports rising fast than ex ...Full Story»

U.S. Consumer Sentiment Drops More Than Expected Due To Inflation Worries (16 min(s), 50 sec(s) ago)
(RTTNews) - Inflation concerns have contributed to a bigger than expected drop in U.S. consumer se ...Full Story»

U.S. Business Inventories Jump 1.3% In November, More Than Expected (59 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story»

U.S. Industrial Production Unexpectedly Edges Down 0.1% In December (11 min(s), 50 sec(s) ago)
(RTTNews) - Partly reflecting a sharp pullback in utilities output, the Federal Reserve released a ...Full Story»

U.S. Import Prices Unexpectedly Dip Amid Sharp Pullback In Fuel Prices (50 min(s), 50 sec(s) ago)
(RTTNews) - Import prices in the U.S. unexpectedly showed a modest decrease in the month of Decemb ...Full Story»

U.S. Retail Sales Unexpectedly Tumble Amid Higher Prices, Shortages (30 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a steep dro ...Full Story»

U.S. Import Prices Unexpectedly Dip 0.2% In December (02 min(s), 50 sec(s) ago)
(RTTNews) - Import prices in the U.S. unexpectedly showed a modest decrease in the month of Decemb ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China GDP Growth Slows In Q4; PBoC Cuts Lending Rate

01/17/2022 - 00:49 AM (RTTNews)
(RTTNews) - China's economy grew at a slower pace in the fourth quarter of 2021 amid weak prop ...Full Story>>

India Trade Deficit Widens In December

01/14/2022 - 11:28 AM (RTTNews)
(RTTNews) - India's overall trade deficit widened in December with imports rising fast than ex ...Full Story>>

U.S. Consumer Sentiment Drops More Than Expected Due To Inflation Worries

01/14/2022 - 10:57 AM (RTTNews)
(RTTNews) - Inflation concerns have contributed to a bigger than expected drop in U.S. consumer se ...Full Story>>

U.S. Business Inventories Jump 1.3% In November, More Than Expected

01/14/2022 - 10:40 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story>>

U.S. Industrial Production Unexpectedly Edges Down 0.1% In December

01/14/2022 - 09:52 AM (RTTNews)
(RTTNews) - Partly reflecting a sharp pullback in utilities output, the Federal Reserve released a ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.