Key Points:
- Manufacturers’ new orders for durable goods rose 1.3% in October, exceeding economists expectations of 0.9%.
- This is the 6th consecutive month of gains, indicating demand and recovery in the manufacturing sector.
- Shipments for durable goods also rose by 1.3% and are now 0.6% above pre-pandemic levels.
- The Right Facts will continue to monitor the manufacturing industry’s recovery.