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US orders for durable goods unexpectedly rise in Oct

by ChemOrbis Editorial Team -
  • 27/11/2014 (17:33)
According to a report released by the US Commerce Department, orders for durable goods in the US unexpectedly rose in October owing to higher orders for transportation equipment as well as defense aircraft and parts. Economists’ initial estimates called for a 0.5% decline in October.

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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