New factory orders for manufactured goods rose 0.6% in October, the sixth increase in seven months, the Commerce Department reported Friday. Orders excluding transportation rose 0.5%.

Economists expected factory orders to be unchanged in October, according to the median estimate provided by Thomson Reuters. New factory orders increased 1.6% in September, revised higher from the 0.9% gain initially reported.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.