“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.
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