U.S. manufacturers’ new orders climbed for a third consecutive month in September, with aircraft demand contributing to the increase as the full report showed gains in both durable and nondurable goods.
Orders rose 1.8%, or $12.2 billion, to $677.2 billion, following a 0.3% increase in August, the U.S. Census Bureau said. The September result marked the third monthly gain in a row.
Transportation-equipment orders increased 4.6% to $119.9 billion. Within that category, orders for nondefense aircraft and parts jumped 28.3% to $25.3 billion.
Orders excluding transportation rose 1.3% to $557.4 billion. Durable-goods orders increased 1.9%, while orders for nondurable goods advanced 1.8%.
The full report put September durable-goods growth above the bureau’s earlier advance estimate of 1.8%. EconoTimes previously covered the September advance estimate for durable-goods orders.
The estimates are seasonally adjusted, but their dollar values do not account for price changes. The bureau’s new-orders measure counts orders received during the month after cancellations are deducted.
The Census Bureau’s advance report on October durable-goods orders is scheduled for Nov. 25 at 8:30 a.m. ET.
