U.S. Durable Orders Climb 3% in October
Source: Wall Street Journal
WASHINGTON—Orders for long-lasting goods rose in October, a gain that represents a big jump in the volatile aircraft category and a modest pickup elsewhere.
New orders for durable goods—refrigerators, combines and other products designed to last at least three years—increased a seasonally adjusted 3% in October from a month earlier, the Commerce Department said Wednesday.
Through the first 10 months of the year, durable-goods orders were down 4.2% compared with the same period in 2014.
The trends “point to ongoing business-investment sluggishness as global headwinds and low oil prices continue to weigh on activity,” said Gregory Daco, economist at Oxford Economics.
<MORE>
Read more: http://www.wsj.com/articles/u-s-durable-orders-climb-in-october-1448458335
= new reply since forum marked as read
