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
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.

















