New orders for manufactured goods increased 1% in October

The U.S. Census Bureau's latest report shows that new orders for manufactured goods increased in October. Orders increased $5.8 billion to $556.6 billion, a 1% increase. When examining new orders for manufactured durable goods, the report shows that transportation equipment accounted for an overall increase of 1.1%. New orders for manufactured nondurable goods, however, only increased 1%.

Also included in the report, shipments increased $3.9 billion to $554.8 billion and unfilled orders increased $6.9 billion to $1,144.0 billion. This represents a 0.7% and 0.6% increase, respectively.