US: Factory Orders increase by 1% in October vs. 0.8% expected
|- Factory Orders in the US rose more than expected in October.
- US Dollar Index stays in the negative territory around 90.60.
New orders for manufactured goods, Factory Orders, in the US rose by $4.9 billion, or 1%, to $480.8 billion in October, the data published by the US Census Bureau showed on Friday. This reading followed September's increase of 1.3% (revised from 1.1%) and came in slightly better than analysts' estimate of 0.8%.
"New orders for manufactured durable goods in October, up six consecutive months, increased $3.2 billion, or 1.3%, to $241.0 billion, unchanged from the previously published increase," the publication further read.
Market reaction
The US Dollar Index paid little to no attention to this report and was last seen losing 0.16% on the day at 90.57.
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