Washington:New orders for US-manufactured goods rose by 1.8% in September to $677.2 billion, continuing a trend of growth for the third month in a row, as reported by the US Census Bureau on Tuesday. This increase surpassed market predictions, which anticipated a 1.2% gain.

According to Anadolu Agency – English, factory orders experienced a rise of $12.2 billion from August. Additionally, the bureau revised August's increase upward to 0.3% from an earlier reported 0.1%.

Transportation equipment orders saw a significant increase of $5.3 billion, or 4.6%, reaching $119.9 billion, which accounted for nearly half of the total rise in factory orders. When excluding transportation equipment, orders still rose by 1.3%. Durable goods orders, encompassing aircraft, vehicles, and machinery, climbed 1.9% to $345.7 billion, slightly above the initial estimate of a 1.8% rise. Orders for nondurable goods also rose by 1.8% to $331.6 billion.

A key indicator of business investment plans, orders for nondefense capital goods excluding aircraft, increased by 0.6% during September. Shipments in this category also grew by 1.2%. Overall factory shipments rose by 1.3% to $668.5 billion, following a modest increase of 0.1% in August. Unfilled orders saw an increase of 0.9% to $1.62 trillion, while inventories grew by 0.4% to $976 billion, marking the 12th consecutive month of growth.