US factory orders increased $5.1 billion or 1% to $522.1 billion in October, its 17th increase in the last 18 months.
Source: US Census Bureau
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The market estimate was an increase of 0.5% as the gain in September was revised upwards from 0.2% to 0.5%, which was at $517.1 billion.
New orders for manufactured durable goods in October, but the figures were down for the second straight month, falling by $1.1 billion or 0.4% to $260.3 billion.
A larger percentage of the decline in durable goods was attributable to transportation equipment, which dropped $2 billion or 2.6% to $75.3 billion.
The unfilled orders increased by $3.1 billion to stand at $1.249.8 billion after a 0.7% increase in September.
Inventories grew by $6.4 billion to stand at $764.2 billion after a 1.0% increase in September.