US durable goods orders fall 2.2pc in October

(Sharecast News) - Durable goods orders decreased by 2.20% to $307.4bn in October, according to the Census Bureau, more than erasing September's upwardly revised 0.7% increase. September's larger than expected decline comes as orders for transportation equipment fell 6.5% to $103.8bn, while non-defense and defense aircraft orders fell 20.1% to $17.4bn and 32.4% to $6.1bn, respectively.

Elsewhere, capital goods fell 5.6% to $107.4bn, and primary metals orders dipped 0.7% to $27.2bn.

On the other hand, orders of fabricated metal products ticked up 0.5% to $41.9bn and machinery orders rose 0.8% to $40bn. Orders for non-defense capital goods excluding aircraft rose by 0.5%





Reporting by Iain Gilbert at Sharecast.com