New orders for U.S. manufactured goods jumped by more than expected in the month of October, according to a report released by the Commerce Department on Monday.
The Commerce Department said factory orders shot up by 1.0 percent in October after rising by 0.3 percent in September. Economists had expected factory orders to increase by 0.7 percent.
The bigger than expected increase in factory orders came as orders for durable goods surged by 1.1 percent in October after edging up by 0.2 percent in September. Orders for transportation equipment led the way higher, soaring by 2.2 percent.
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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.