US: Orders for durable goods in Oct. decreased 4.4% to $248.5 billion

Eren Sengezer FXStreet

"New orders for manufactured durable goods in October decreased $11.5 billion or 4.4 percent to $248.5 billion," the U.S. Census Bureau reported today.

Key takeaways from the press release

This decrease, down three of the last four months, followed a 0.1 percent September decrease.
Excluding transportation, new orders increased 0.1 percent.
Excluding defense, new orders decreased 1.2 percent.
Shipments of manufactured durable goods in October, down following two consecutive monthly increases, decreased $1.4 billion or 0.6 percent to $254.5 billion.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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