The U.S. Commerce Department reported on Wednesday that the durable goods orders rose 1.3 percent m-o-m in October, following a revised 2.1 percent m-o-m jump in September (originally a 1.9 percent m-o-m increase).

Economists had forecast a 0.9 percent m-o-m gain.

According to the report, orders for durable goods excluding transportation also increased 1.3 percent m-o-m in October, following a revised 1.5 percent m-o-m advance in October (originally a gain of 0.8 percent m-o-m), beating economists’ forecast of 0.5 percent m-o-m rise.

Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.7 percent m-o-m in October after a revised 1.9 percent climb m-o-m in September (originally a 1.0 percent m-o-m gain). Economists had called for a 0.5 percent m-o-m advance in core capital goods orders in October.

Shipments of these core capital goods surged 2.3 percent m-o-m in October after a revised 0.7 percent m-o-m increase in the prior month (originally a 0.5 percent m-o-m advance).