US orders for durable goods unexpectedly down in Sept
September orders for goods meant to last at least three years were down 1.3% to reach $241.63 billion after posting a decrease of 18.3% in August. Initial forecasts called for a 0.5% increase in total durable goods orders in a survey by Bloomberg. Durable goods orders excluding transportation equipment, which is often volatile, were down 0.2% in September.
Meanwhile, demand for computers and electronic equipment declined 2.5%, the biggest decrease in 2014, while bookings for machinery decreased 2.8%, the biggest drop since February 2013. In addition, orders for non-defense capital goods, except aircraft, were down 1.7% after posting a gain of 0.3% in August.
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