Durable Goods Orders Drop in October
New orders for manufactured durable goods in October decreased $12.7 billion or 6.2% to $193.0 billion, the U.S. Census Bureau announced. This was the largest percentage decrease in new orders since October 2006 and followed two consecutive monthly decreases including a 0.2% September decrease. Excluding transportation, new orders decreased 4.4%. Excluding defense, new orders decreased 4.6%.
Shipments
Shipments of manufactured durable goods in October, down three consecutive months, decreased $5.0 billion or 2.4% to $202.9 billion. This followed a 0.2% September decrease.
Unfilled Orders
Unfilled orders for manufactured durable goods in October, down for the first time in 26 months, decreased $4.6 billion or 0.6% to $823.6 billion. This …
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