Factory orders rose strongly in September as manufacturing builds momentum

New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were stronger than previously reported, suggesting manufacturing activity was gathering momentum. Factory goods orders increased 1.4 percent, and orders for non-defense capital goods excluding aircraft - seen as a measure of business spending plans - surged 1.7 percent. September's increase in these so-called core capital goods orders was the largest since July 2016.

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