Market Updates
Durable Orders Advance 10.9% Annually In October
Brian Turner
23 Nov, 2022
New York City
Durable goods orders rose 1% in October from September when orders rose downwardly revised 0.3%, the U.S. Census Bureau reported Wednesday.
New orders jumped 10.9% from a year ago.
The orders rose the most in four months and the orders data are not adjusted for inflation.
Volatile transportation orders gained 2.1% and military orders jumped 21.7%.
Excluding transportation, orders increased 0.5% and excluding defense, new orders rose 0.8%, on a monthly basis and from a year ago rose 7.3% and 11.0% respectively.
October shipments increased 0.4% from the previous month and jumped 9.7% from a year ago.
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