Recent History Of This Indicator:
The factory sector bounced back strongly in October with durable goods orders jumping 3.0 percent and up a solid 0.5 percent excluding transportation. Capital goods highlighted the report with core orders up 1.3 percent and a decline in the prior month revised away to a 0.4 percent gain. But forecasters don't see another month of strength for November with the Econoday consensus calling for a 0.5 percent decline in headline orders with ex-transportation orders no better than unchanged.
The factory sector bounced back strongly in October with durable goods orders jumping 3.0 percent and up a solid 0.5 percent excluding transportation. Capital goods highlighted the report with core orders up 1.3 percent and a decline in the prior month revised away to a 0.4 percent gain. But forecasters don't see another month of strength for November with the Econoday consensus calling for a 0.5 percent decline in headline orders with ex-transportation orders no better than unchanged.
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