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