Economy
November 23, 2018
Durable Goods Orders Signal Slowing Economy
Written by Sandy Williams
Durable goods orders fell 4.4 percent in October, heralding a weak start to the fourth quarter and a softening in business investment. The drop was the steepest monthly decline since July 2017.
Volatile aircraft orders drove most of the decline, with commercial aircraft orders diving 21.4 percent and defense aircraft orders plummeting 59.3 percent. Orders for core capital goods, manufactured goods excluding defense and aircraft and a measure of business investment, were flat in October after two months of decline.
