Factory Orders Increase By 0.6% In October

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Friday morning, the Commerce Department released its report on new orders for manufactured goods in the month of October, showing that orders unexpectedly increased for the sixth time in the past seven months amid an increase in orders for non-durable goods.

The report showed that factory orders increased by 0.6 percent in October following an upwardly revised 1.6 percent increase in September. Economists had been expecting orders to come in unchanged compared to the 0.9 percent increase originally reported for the previous month.

Friday morning, the Commerce Department released its report on new orders for manufactured goods in the month of October, showing that orders unexpectedly increased for the sixth time in the past seven months amid an increase in orders for non-durable goods. (Market News Provided by RTTNews)