New Factory Orders Up 0.8% in October

New orders for manufactured goods increased 0.8% month-over-month to $478 billion for October, according to a U.S. Department of Commerce report [link opens in PDF] released today. 

This newest report continues manufactured goods' upward trend, with new orders rising 4.5% in September and clocking gains in three of the past four months . Analysts had expected a 0.1% decline for October.


Source: census.gov 

Excluding the transportation sector's volatile orders, new orders for manufactured goods increased by 1.3%, another solid rise after September's 1.2% improvement and August's 0.7% gain. 

Shipments rose by 0.4% in October, to $482 billion, and have increased for three of the past four months. Inventories increased to $616 billion, the highest level since data was first collected in 1992. But the inventories-to-shipment ratio continues to hold constant at 1.28, providing evidence of sustainable inventory growth.


link

The article New Factory Orders Up 0.8% in October originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story
Scroll to continue with content AD
  • US
  • Globals
  • Currencies
DJI24,370.10162.940.67%
NASDAQ7,084.4649.770.71%
S&P 5002,635.9619.860.76%
NIKKEI 22520,674.92272.651.34%
Hang Seng27,054.64299.011.12%
DAX10,918.62-12.62-0.12%
USD (PER EUR)1.140.000.01%
USD (PER CHF)1.01-0.00-0.04%
JPY (PER USD)109.410.210.19%
GBP (PER USD)1.30-0.00-0.04%
My Portfolio >
More to Explore