U.S. Factory Orders Show Biggest Gains in 11 Months
October 4, 2018
August’s U.S. factory order increased by 2.3 percent over the previous month, increasing to $510.5 billion. This is the biggest monthly increase since September 2017. Economists had forecast a slightly smaller increase of 2.2 percent.
Orders for July were also revised to show a smaller dip than previously thought. July’s orders declined by 0.5 percent rather than the 0.8 percent that had been initially reported.