US Factory Orders rise in October

New orders for US-made goods recovered during October, after a two-month drop in a row driven by higher demand for machinery and transportation equipment, but gains are likely to be limited amid persistent weak business confidence and the US Department of Commerce said today that orders for manufactured goods rose 0.3% with a rise Computer and electronic product reservations compared to 0.8% in September, and on an annual basis, factory orders decreased 0.4% compared to the same period in October 2018, as the government stated that October orders for non-defensive capital goods excluding aircraft, which It is considered a measure of the plans for commercial spending on equipment rose by 1.1%.