Factory orders were previously reported to have declined 1.7 percent in August. The dollar has gained 16.8 percent against the currencies of the United States’ main trading partners since June 2014, which has undercut export growth and weighed on the profits of multinationals.
The Commerce Department also said orders for non-defense capital goods excluding aircraft — seen as a measure of business confidence and spending plans — slipped 0.1 percent instead of the 0.3 percent drop reported last month. This also supports the view that the worst of the manufacturing slump might be over.
Shipments of these so-called core capital goods, which are used to calculate business equipment spending in the gross domestic product report, increased 0.5 percent in September as reported last month.
Inventories of factory goods fell 0.4 percent after a similar drop in August, also an encouraging sign for the sector. That left the inventories-to-shipments ratio unchanged at a still lofty 1.35.
Manufacturers reported Monday a decrease in the share of customers who believed inventories were too high, and a fall in the stock of unsold goods at factories in October.
Unfilled orders at factories fell for a second straight month in September, Tuesday’s report showed.