United States Factory Orders

New orders for manufactured goods in the US increased by 0.2% from the previous month to $586.7 billion in October of 2024, in line with market expectations, after two consecutive monthly decreases. This followed a 0.2 percent September decrease. Increases were noted for durable goods-producing industries (0.3%), led by Transportation equipment (0.5%), fabricated metal products (0.1%), machinery (0.5%), computers and electronic products (0.1%), electrical equipment, appliances, and components (1.3%). Also, orders increased for non-durable goods producers (0.1%). Excluding transportation, factory orders went up by a softer 0.1%.