US “Factory Orders” reading for October above expectation

Factory Orders in the United States rose more than expected in October. Combined with the better-than-expected ISM Services PMI report, the data helps the US Dollar continue to outperform its rivals during the second half of the trading day on Monday. At the time of writing, the US Dollar Index was up 0.4% on the day at 104.90.

The data published by the US Census Bureau revealed on Monday that new orders for manufactured goods, Factory Orders, increased $5.8 billion, or by 1%, in October to $556.6 billion. This print followed September’s growth of 0.3% and came in better than the market expectation for an increase of 0.7%.

“New orders for manufactured durable goods in October, up seven of the last eight months, increased $3.0 billion or 1.1%to $277.4 billion, up from the previously published 1% increase,” the publication said.