The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured goods decreased by slightly more than expected in the month of October.
The report said factory orders slumped by 1.3 percent in October after rising by 0.2 percent in September. Economists had expected factory orders to slide by 1.2 percent.
The decrease by factory orders came amid a steep drop in orders for durable goods, which tumbled by 2.2 percent in October after climbing by 0.6 percent in September.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.