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US Factory Orders Above Expectations

Mohamed Abdelhamid 3 December, 2021 8:06 pm Market Update

According to US Census Bureau data, US Factory Order rose 1.0% MoM in October.

This reading is above the expected 0.5% gain and marked an acceleration on the 0.5% MoM gain seen back in September.

Excluding transportation, orders were up 1.6% on the month also marking an acceleration on September’s MoM growth rate of 0.7%.

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