Investing.com - U.S. factory orders fell in October, but by a lower margin than feared causing some relief over the state of the manufacturing sector, responsible for roughly 12% of the American economy, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.1% in October, compared to expectations for a drop of 0.4%.
Factory orders rose 1.7% in September in an upward revision from what had been a 1.4% gain.
Factory orders excluding transportation advanced 0.8% in October, compared to the prior month’s 1.1% gain which was revised up from an initial 0.7% increase.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 93.19 compared to 93.21 previously.
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