Factory orders jump 1% in October

Orders for manufactured goods rose 1% in October, the Commerce Department said Friday.

Economists surveyed by the Wall Street Journal were expecting a 0.4% rise. Durable-goods orders fell 0.4%, revised up a bit from the initial estimate of a 0.5% decline.

Orders for nondurable goods surged 2.4% in the month. Orders for non-defense capital goods, excluding aircraft, rose a revised 0.7% in October, up slightly from the prior estimate of a 0.6% gain.