US Factory Orders Rebound in October, Hinting at Stabilization of Manufacturing Sector

US Factory Orders Rebound in October, Hinting at Stabilization of Manufacturing Sector
Microvast was seeking a $200 million grant to build EV batteries at this General Motors plant in Spring Hill, Tennessee. Harrison McClary/Reuters
Henry Jom
Updated:
New orders for U.S. made goods rose in October after two straight monthly declines, an indication that the manufacturing sector may be stabilizing, reported Breitbart.
Factory orders rose 0.3 percent in October, the Commerce Department said Thursday. Data for September was revised down to show orders dropping 0.8 percent instead of falling 0.6 percent, as previously reported. Economists were expecting a rise of 0.2 percent, reported Reuters.
Henry Jom
Henry Jom
Author
Henry Jom is a reporter for The Epoch Times, Australia, covering a range of topics, including medicolegal, health, political, and business-related issues. He has a background in the rehabilitation sciences and is currently completing a postgraduate degree in law. Henry can be contacted at [email protected]
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