Economy
November 26, 2017
Durable Goods Orders Dip in October
Written by Sandy Williams
New orders for manufactured durable goods declined 1.2 percent in October to $236.0 billion, according to the latest data from the U.S. Census Bureau. The decline was due mostly to plummeting orders for commercial aircraft, which fell 18.6 percent last month.
Core capital goods (non-defense capital goods minus aircraft) declined 0.5 percent last month. Reuters expected an increase of 0.5 percent after core capital goods gained 1.7 percent in September. The category is seen as a proxy for business spending.
