US Factory Orders Rise 1.8% in September, Topping Forecasts for Third Straight Gain

United States factory orders climbed 1.8% month-over-month to $677.2 billion in September, outpacing expectations for a 1.2% rise and marking a third consecutive monthly expansion. The release followed an August gain, revised upward to 0.3% in one report and cited as a revised 0.1% in another. Orders excluding transportation advanced 0.5%, while durable goods orders were revised up to 1.9%. Manufacturing shipments climbed 1.3% to $668.5 billion, and unfilled orders rose 0.9% to $1,623.8 billion. Concurrently, stronger industrial and labor data pushed US Treasury yields higher.