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US durable goods orders jump in October

Orders for durable goods in the US rose 4.8% to a seasonally adjusted $239.4 billion in October from a month earlier, the Commerce Department said Wednesday.

This was the fastest pace in a year and came above the 1.5% increase expected by analysts. September's orders were revised to a 0.4% gain from a previously estimated decline.     

Excluding orders tied to transportation, demand increased 1%, above the 0.2% expected.

Author

Ani Salama

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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