WASHINGTON (PNN) - September 2, 2026 - Despite Manufacturing Purchasing Managers’ Indexes (PMIs) sliding, United States Factory orders were expected to rebound from a two-month decline in July (the latest data reported today) and rebound they did, rising 0.9% Month-over-Month (MoM) (more than the expected 0.7% increase) with June's 0.3% decline revised up to a 0.2% decline.
That is the best monthly rise since April, lifting orders up 9.9% Year-over-Year (YoY) - the second-best annual gain since Oct 2022.
Core Factory orders rose 0.6% MoM (significantly better than the expected 0.4% rise).
That is the 8th rise in Core Orders in the last nine months with annual growth holding above 9% YoY.
Furthermore, it was not all war spending; orders still rose 0.98% MoM and 8.79% YoY.
The final July headline and core durable goods order printed the same as the preliminary data (+1.1% MoM and +0.4% MoM respectively).
Headline durable goods orders are up 13.0% YoY.
Orders and Shipments for Non-Defense, Ex-Aircraft Capital Goods fell notably from their preliminary levels (0.0% MoM vs 0.3% exp and +1.2% vs +1.4% exp respectively).