American factory orders surge more than anticipated in September

American factory orders surge more than anticipated in September

In September, fresh orders for US products rallied more than anticipated, although decreasing business spending on equipment hinted that the manufacturing sector speeded down.

Eventually, factory products orders headed north by 0.7% against the backdrop of soaring demand for transportation equipment, as the Commerce Department told. August’s data was updated upwards to reveal factory orders rallying by 2.6% versus the previously uncovered 2.3% leap.

Market experts had foreseen factory orders surging by about 0.5% in September. On a year-on-year basis orders jumped by 8.4% in September.

An increasingly bitter trade clash between China and America, worker shortages a leaping greenback as well as decelerating global economic surge are taming momentum in manufacturing, accounting for up to 12% of the American economy.

According to the Institute for Supply Management poll of manufacturers, in October, a measure of fresh factory orders headed south to a 1-1/2-year minimum.

Orders for transportation equipment headed north by 1.9% in September, displaying a 118.7% ascend in orders for defense aircraft as well as parts. As for transportation equipment orders, they gained by 13.3% in August.

In September, orders for civilian aircraft along with parts dived by 17.5%. As for orders cars, they tacked on by 0.5%.

In September, there were leaps in orders for computers, machinery, primary metals, not to mention electronic products. Orders for appliances, electronic equipment as well as components inched down.

September orders for non-defense capital products without aircraft, normally considered to be a gauge of business spending plans, lost nearly 0.1% as posted in October. In August, orders for core capital products tumbled by about 0.2%.

Shipments of core capital products, utilized to calculate business equipment spending in the GDP report, lost 0.1% in September in contrast with the intact reading in October.


Markets Assess US-China meeting
Markets Assess US-China meeting

Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera