Durable Goods Orders Rise in October

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.


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.

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