October factory Orders Higher, First Gain 3.>

US DATA: October factory Orders Higher, First Gain In 3 Months

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- October factory orders +0.3% m/m, in line f'casts; ex-transport +0.2%

- October factory orders -0.4% y/y; ex-transport +0.2% y/y

- October durable goods revised lower to +0.5% from prov +0.6%

- Nondefense capital goods new orders +3.1%, and +1.1% ex aircraft    

- Shipments 0.0% in Sep, nondef cap goods shipments +1.4%, +0.8% ex air 

- September factory orders revised lower to -0.8%; durable goods -1.5%

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U.S. factory orders rallied in Oct after 2 straight months of slowdown, 

while shipments rallied very modestly for the first nominal gain in 4 

months. Inventories rose 0.1% for the 10th gain in the last 11 months, 

with the inventories-to-shipments ratio unch at 1.40. New orders on 

manuf durables rose 0.5% m/m, revised down from provisions 0.6% gain. 

Durables were lower on a year ago, -0.8%, unchanged from Sept level.