In October, U.S. factory orders excluding transportation showed no month-over-month change, maintaining the 0.1% growth rate recorded in September, according to the latest data update on December 4, 2024. This stability in the factory orders index reflects consistent momentum in the manufacturing sector, despite broader economic uncertainties.
Compared to the previous month, the flat growth suggests that supply chain conditions and demand factors outside the transportation segment have remained largely stable. The unchanged pace in October indicates that key industries such as electronics, machinery, and pharmaceuticals might be experiencing a balance in order inflows.
The manufacturing sector's ability to retain its growth levels at 0.1% over consecutive months points to underlying resilience, even as businesses anticipate potential shifts in the economic landscape. Analysts suggest monitoring forthcoming data closely, as it will indicate whether this trend holds or if external economic pressures will begin to impact factory orders in the coming months.
