Updated: 04-Dec-25 10:57 ET
Highlights
- Factory orders increased 0.2% month-over-month in September (Briefing.com consensus 0.2%) after rising a revised 1.3% (from 1.4%) in August.
- Excluding transportation, factory orders also increased 0.2% after dipping a revised 0.1% (from +0.1%) in August.
- Shipments of manufactured goods were unchanged after decreasing a revised 0.3% in August (from -0.1%).
- Durable goods orders were up 0.5% after rising 3.0% in August with defense aircraft and parts jumping 30.9% and electrical equipment orders rising 8.8%.
- New orders for nondurable goods decreased 0.1% after decreasing 0.4% in August.
- New orders for nondefense capital goods excluding aircraft—a proxy for business spending—jumped 0.9% for the second month in a row.
- The inventory-to-shipments ratio held at 1.56 for the third month in a row.
- The key takeaway from the report is that orders increased again in September despite a big jump in August with new orders for nondefense capital goods excluding aircraft, which is a proxy for business spending, jumping 0.9% for the second month in a row.
| Category | SEP | AUG | JUL | JUN | MAY |
| Factory Orders | 0.2% | 1.3% | -1.3% | -4.8% | 8.3% |
| Less Defense | 0.0% | 0.9% | -1.0% | -4.7% | 7.6% |
| Durable Goods | 0.5% | 2.9% | -2.8% | -9.4% | 16.5% |
| Nondurable Goods | -0.1% | -0.1% | 0.3% | 0.4% | 0.1% |
| Unfilled Factory Orders | 0.7% | 0.6% | 0.0% | 0.9% | 3.4% |
| Factory Shipments | 0.0% | -0.3% | 0.9% | 0.6% | 0.2% |
| Factory Inventories | -0.1% | 0.0% | 0.2% | 0.2% | 0.1% |
| Inventory/Shipment Ratio | 1.56 | 1.56 | 1.56 | 1.57 | 1.57 |
