US Factory Orders Rise 1% in October

New factory orders in the United States grew by 1% in October, compared with a previous estimate of 1.3%, data by the US Department of Commerce showed on Friday.

Orders for non-defense capital goods, excluding aircrafts, went up by a revised reading of 0.8% in October instead of 0.7% as initially estimated.

Spending on business equipment recovered during the third quarter (Q3) of the year, after declining for five consecutive quarters.