USA: Orders for durable goods fall surprisingly – higher without transport
WASHINGTON (dpa-AFX) – In the US, orders for durable goods surprisingly continued to fall in October due to a weakness in the transport sector. The US Department of Commerce announced on Wednesday in Washington that orders were down by 0.5 percent compared to the previous month. Analysts had expected a recovery of 0.2 percent.
At a revised 0.4 percent, the decline in September was also a little more pronounced than had previously been determined. Durable goods are mostly expensive industrially manufactured goods such as machines.
Without the transport sector, which includes aircraft, orders rose by 0.5 percent on a monthly basis, as expected. The aircraft manufacturer Boeing has been grappling with problems for a long time, for example with its 787 “Dreamliner” long-haul jet. In addition, orders in this industry usually fluctuate more.
Orders for capital goods outside the military sector and excluding aircraft rose by 0.6 percent. This number is an indicator of the companies’ propensity to invest./mis/stw