U.S durable goods orders soar in October
This was the largest increase over the year, primarily stemming from the increasing demand for civilian aircrafts, the report indicates. Demand for many segments increased as well by 1% when orders related to transportation are excluded. Meanwhile orders not including defense rose 5.2%.
Along with this increase in October, orders have increased for the fourth consecutive month. This was interpreted as a sign the U.S. factory sector has begun to stabilize.
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