New orders for U.S. manufactured goods saw a modest increase in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders rose by 0.2 percent in September after jumping by a downwardly revised 1.3 percent in August. Factory orders came as durable goods orders grew by 0.5 percent in September after spiking by 3.0 percent in August. Meanwhile, the report said orders for non-durable goods edged down by 0.1 percent in September after falling by 0.4 percent in August.

Powered by Commodity Insights