U.S. factory orders fell 0.9% in October, however, the decline was offset by a substantial, upward revision in September’s orders, which jumped to a 3.0% gain from initial estimates of a 1.8% rise.
A Bloomberg survey had expected October factory orders would fall 0.8%. When combined with August’s unchanged orders tally, factory orders for the last three-month averaged a 0.7% gain — still…
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October Factory Orders Dip Offset by September Revision originally appeared on DailyFinance on Fri, 03 Dec 2010 11:40:00.
Filed Under: Economy