WASHINGTON — The value of new factory orders jumped 4.8% in September, only slightly below the 4.9% jump expected in an MNI survey, data released by the Commerce Department Friday morning showed.

Total factory orders excluding transportation were up 1.4% in September, reflecting a 1.0% rise in nondurables orders and an MNI calculation of a 2.0% rise in non-transportation durables orders. The increase in factory orders excluding transportation was the largest since a matching 1.4% rise in February.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.