U.S. durable goods orders fall 1.2% in October, but it’s likely a temporary setback

• November 22, 2017
• realestatelife
• Business & Markets, Real Estate, Real Estate Finance

Durable-goods orders fell 1.2% in October, well below the forecast of a 0.7% gain.

Excluding transportation orders increased 0.4%.
Business investment dipped 0.5% based on a closely followed measure known as core capital goods orders. These orders have climbed a healthy 8.1% in the past year, however, suggesting the recent decline is temporary.

Durable-goods shipments edged up 0.1% in October. Inventories also rose 0.1%