Factory Goods Orders Surge, Boosting Economic Growth

New reports reveal a significant surge in orders for American-made factory goods in September, indicating a stronger-than-expected economic growth in Q3. Non-military capital goods orders rose nearly one percent, following a similar increase in August, and shipments also saw a solid boost. Economists had predicted a smaller rise, making these numbers a pleasant surprise. The data, delayed due to a government shutdown, is now anticipated by financial analysts. Core capital goods shipments also increased by nearly one percent, after a slight dip, suggesting a positive trend in business investment. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.