Factory Orders Rose 2.3 percent in August

New orders for manufactured goods increased 2.3 percent to $510.5 billion in August, according to the U.S. Census Bureau. The increase followed a 0.5 percent decline in July.

New orders for manufactured durable goods increased 4.4 percent to $259.6 billion in August. Transportation equipment drove the increase, rising 13.1 percent to $95.4 billion.

Shipments of manufactured durable goods increased 0.7 percent to $253.1 billion.

Inventories of manufactured durable goods was down following nineteen consecutive monthly increases, decreasing 0.3 percent to $407.2 billion.

Read the Census release.