The manufacturing sector saw a rebound in demand in August, with orders from U.S. factories broadly rising after two months of declines.
Factory orders rose to $612 billion in August, a 1.4 percent increase, the Census Bureau said Tuesday. The release of the figures from August were scheduled for October but were delayed by the government shutdown.
This was in line with expectations.
Excluding transportation, orders rose 0.1 percent. Excluding defense, orders were up 0.9 percent. Durable goods orders rose 2.9 percent.
Year-t0-date, factory orders are up a solid 3.3 percent compared with the January through August period a year earlier. Durable…
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