US durable goods orders fell 0.5 percent in October, following after a 0.4 percent decrease in September. Transportation equipment (-2.6 percent), specifically nondefense aircraft and parts (-14.5 percent) and defense aircraft and parts (-21.8 percent). Total durable goods orders rose 1.8% month-over-month in August (consensus +0.6%). October Durable Goods Orders Highlights US Durable Goods Orders Oct P: -0.5% (est 0.2%; prev -0.3%; prevR -0.4%) US Durables Ex-Transportation Oct P: 0.5% (est 0.5%; prev 0.5%; prevR 0.7) Orders declined for … Continue reading “US Durable Goods Fell Again In October With Slumping Aircraft Orders”
US durable goods orders rose in August, following an upwardly revised 0.5% increase from -0.1% in July. Business spending remained positive with the 0.5% increase in nondefense capital goods orders excluding aircraft.
US durable goods orders fell in July, first decline in 3 months. However excluding transportation rose. Of note nondefense capital goods orders, excluding aircraft, which is seen as a proxy for business spending were flat after rising 1.0% in June.