US Factory Orders Unexpectedly Rise in September

US Factory Orders Unexpectedly Rise in September
A welder works while building a bus frame at the BYD electric bus factory in Lancaster, Calif., on July 1, 2021. Mike Blake/Reuters
Reuters
Updated:

WASHINGTON—New orders for U.S.-made goods unexpectedly rose in September, though manufacturing remains constrained by input shortages.

The Commerce Department said on Wednesday that factory orders increased 0.2 percent in September. Data for August was revised down to show orders rising 1.0 percent instead of 1.2 percent as previously reported. Economists polled by Reuters had forecast factory orders unchanged. Orders gained 17.6 percent on a year-on-year basis.