New orders for manufactured goods rebounded 0.9 per cent in September, wiping out August’s 0.8 per cent decline, a day after manufacturing industry reports bolstered hopes for the global economic recovery.

“The manufacturing sector is likely to expand beyond the revival from autos and should benefit greatly from a weak dollar and a recovering global economy,” said Joseph Brusuelas, director of Moody’s Economy.com. “The fact that we observed an improvement in orders while inventories are still being slashed bodes well for future production.”