(CercleFinance.com) – New orders for American industry increased more vigorously than expected in September, mainly supported by a surge in orders in aeronautics.
Industrial orders rose 2.8% in September, according to data released Thursday by the Commerce Department.
The September statistic was revised downward to show a gain of 1% instead of the 1.2% increase previously announced.
Economists expected an increase of the same level in September.
Over one year, they show an increase of only 0.7%.
Orders for transport equipment rebounded by 12.7% after two consecutive months of decline, driven by a surge of more than 92% in orders for civil aeronautics and spare parts.
Orders for non-aeronautics capital goods, often considered as a barometer of companies’ investment projects, increased by 0.8%.
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