US factory orders decline more than expected in September

US factory orders fell more than expected in September, official data showed on Tuesday.

According to figures released by the Commerce Department, factory orders declined 1% in September compared with analysts’ expectations for a 0.9% drop.

Meanwhile, August’s figures were downwardly revised to show a 2.1% increase compared with the 1.7% rise that was initially reported.

Excluding the transportation sector, factory orders declined 0.6% compared with a downwardly revised 1.1% drop.