Economy
December 1, 2015
Durable Goods Shipments, Inventories and Orders
Written by Peter Wright
New orders for durable goods in October rose by 3.4 percent month on month to $239.976 billion. This result was better than analyst’s expectations, largely as a result of a surge in the transportation component where non-defense aircraft increased by 81 percent. Motor vehicle and parts orders fell 2.9 percent after rising 1.0 percent in September. Excluding transportation, orders rose 0.5 percent after declining 0.1 percent in September.
The monthly result has been trailing its trend for the last nine months (Figure 1).
