The Commerce Department announced on Wednesday that orders for factory goods were higher by 0.8 percent, following a revised 4.5 percent increase in September. This was the second straight months of gains, and the readings beat analyst estimates.
Orders for durable goods increased by half of one percent, instead of being flat as previously reported.
Meanwhile, the Institute for Supply Management announced on Monday that its index of national manufacturing activity fell last month to its lowest level since July 2009.
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