US: Factory Orders rise 1.0% MoM in October versus 0.5% expected gain

According to US Census Bureau data, US Factory Order rose 1.0% MoM in October. This was above the expected 0.5% gain and marked an acceleration on the 0.5% MoM gain seen back in September. Excluding transportation, orders were up 1.6% on the month also marking an acceleration on September's MoM growth rate of 0.7%.