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Durable Goods Orders Fall in October


Wednesday, 21 November 2018 20:56 WIB

U.S. Durable GoodsCore Durable Goods


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Orders for durable goods, which are meant to last at least three years, fell in October, according to data released on Wednesday.

Durable-goods orders fell 4.4% last month, the Commerce Department said. Economists had forecast a 2.2% decrease.

September's reading was revised down to a 0.1% decline, compared to an initial advance of 0.7%.

Excluding the volatile transportation sector, orders increased 0.1% in October. That missed expectations for a rise of 0.4%.

September's reading was revised down to a 0.6% drop from an initial 0.1% increase.

Source : Investing


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