US orders for durable goods unexpectedly rise in Oct
The US orders for durable goods climbed 0.4% in October following September’s revised decline of 0.9% from a previously reported drop of 1.1%. Orders for transportation equipment rose 3.4% in October after a decrease of 3.3% posted in September while orders for defense aircraft and parts posted a significant increase of 45.3% in October after reporting a 3.2% decline in September.
Meanwhile, the Commerce Department also reported that the country’s non-defense capital goods orders declined 1.3% in October following a decrease of 1.3% in the previous month.
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