Durable Orders Fall 0.7% in October, Most Since January
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Durable goods orders fell in October on a drop in a demand for aircraft and business equipment, though it beat views calling for a more dramatic decline.
Orders fell 0.7 percent in October, according to Department of Commerce data, which was narrower than the 1.5 percent drop forecast by the Street, Overall, ex aircraft and defense, orders dropped by the most since January.
Some speculate that European's woes may spread to the U.S., as companies across the Atlantic cut-back orders that previously held American manufacturers afloat.
Without transportation items, orders rose 0.7 percent. Notably, Boeing (NYSE: BA) received only 7 aircraft orders in November, from 59 the previous month.
Orders for non-defense capital goods excluding aircraft dropped 1.8 percent after a 0.9 percent gain the prior month that was smaller than previously estimated.
Orders fell 0.7 percent in October, according to Department of Commerce data, which was narrower than the 1.5 percent drop forecast by the Street, Overall, ex aircraft and defense, orders dropped by the most since January.
Some speculate that European's woes may spread to the U.S., as companies across the Atlantic cut-back orders that previously held American manufacturers afloat.
Without transportation items, orders rose 0.7 percent. Notably, Boeing (NYSE: BA) received only 7 aircraft orders in November, from 59 the previous month.
Orders for non-defense capital goods excluding aircraft dropped 1.8 percent after a 0.9 percent gain the prior month that was smaller than previously estimated.
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