New orders for manufactured goods rose 1.5 percent in October to $473.9 billion, following two consecutive months of declines, according to the U.S. Census Bureau. New orders excluding transportation grew 0.2 percent to $391.8 billion.
New orders for manufactured durable goods increased 2.9 percent to $238.8 billion, following a 0.8 percent September decrease. New orders for transportation equipment led the increase, increasing 7.9 percent to $82.0 billion, as orders for non-defense aircraft and parts increased by 81.0 percent.
Shipments decreased 0.5 percent to $475.2 billion, following a 0.3 percent decrease in September. Growth in shipments have declined during six of the last seven months. Inventories decreased once again, falling 0.1 percent to $643.6 billion after a 0.5 percent decrease last month.
Read the Census release.