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Home Economy

Durable Goods Orders Rise in October

November 23, 2016
Reading Time: 1 min read

New orders for manufactured durable goods rose 4.8% in October, following a 0.4% increase in September, according to the U.S. Census Bureau.

durable-goods

New orders excluding defense increased 5.2% on the month, as orders of nondefense capital goods rose 14.5% to $80.1 billion.

Shipments of manufactured durable goods, up four of the last five months, rose 0.1% to $234.6 billion.

Inventories of manufactured durable goods were virtually unchanged to $384 billion, following a virtually unchanged September increase.

Read the Census release.
Visit Banks and the Economy.

Tags: Durable goods orders
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Author

Tyler Mondres

Tyler Mondres

Tyler Mondres is senior director of economic research at ABA and a frequent contributor on economic and fintech topics to the ABA Banking Journal.

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