Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods retrenched in October, falling 3.3 percent (nonannualized) after an upwardly revised 5.0 percent jump up in September. The 12-month growth rate in durable goods orders slipped slightly during the month, but is still up 10.5 percent through October. New orders for nondefense capital goods excluding aircraft fell 4.5 percent in October, following a 1.9 percent increase in September and a 5.1 percent gain in August. The series’ near-term (3-month annualized) trend stands at 9.4 percent and is up 15.2 percent on a year-over-year basis. Shipments of durables, which are up 5.8 percent over the past year, fell 0.9 percent in October. Inventories, however, continued to expand, rising 0.4 percent in September, its tenth consecutive increase.