U.S. Durable Goods Orders Show Surprise 0.4% Gain in Oct.; Inventories Rise to Highest-Ever Level
(Updated - November 26, 2014 8:35 AM EST)
Oct. Durable Goods Orders 0.4% vs -0.6% Expected, Ex-Trans -0.9% vs 0.5%
UPDATE - More from the U.S. Census Bureau:
New orders for manufactured durable goods in October increased $1.0 billion or 0.4 percent to $243.8 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.9 percent September decrease. Excluding transportation, new orders decreased 0.9 percent. Excluding defense, new orders decreased 0.6 percent.
Transportation equipment, also up following two consecutive monthly decreases, drove the increase, $2.5 billion or 3.4 percent to $76.3 billion.
Inventories of manufactured durable goods in October, up eighteen of the last nineteen months, increased $2.0 billion or 0.5 percent to $406.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.5 percent September increase.
Transportation equipment, also up eighteen of the last nineteen months, led the increase, $0.9 billion or 0.7 percent to $131.7 billion.
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