Updated: 07-Jan-26 10:59 ET
| October Factory Orders |
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| Updated: 07-Jan-26 10:59 ET |
Highlights
- Factory orders decreased 1.3% month-over-month in October (Briefing.com consensus: -1.0%) following a 0.2% increase in September.
- Excluding transportation, factory orders decreased 0.2% after increasing 0.1% in September.
- Shipments of manufactured goods inched up 0.1% after declining 0.1% in September.
Key Factors
- Durable goods orders dropped 2.2% after rising 0.6% in September.
- New orders for nondurable goods decreased 0.4% after decreasing 0.2% in September.
- New orders for nondefense capital goods excluding aircraft-a proxy for business spending-jumped 0.5% following a 1.0% increase in September.
- The inventory-to-shipments ratio held at 1.56 for the fourth month in a row.
Big Picture
- The key takeaway from the dated report is that it was better than the headline suggests thanks to a pickup in business spending that was reflected in the increase in new orders for nondefense capital goods excluding aircraft.
| Category | OCT | SEP | AUG | JUL | JUN |
| Factory Orders | -1.3% | 0.2% | 1.3% | -1.3% | -4.8% |
| Less Defense | -1.0% | 0.0% | 0.9% | -1.0% | -4.7% |
| Durable Goods | -2.2% | 0.5% | 2.9% | -2.8% | -9.4% |
| Nondurable Goods | -0.4% | -0.1% | -0.1% | 0.3% | 0.4% |
| Unfilled Factory Orders | 0.2% | 0.7% | 0.6% | 0.0% | 0.9% |
| Factory Shipments | 0.1% | 0.0% | -0.3% | 0.9% | 0.6% |
| Factory Inventories | 0.0% | -0.1% | 0.0% | 0.2% | 0.2% |
| Inventory/Shipment Ratio | 1.56 | 1.56 | 1.56 | 1.56 | 1.57 |
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