October durable goods orders drop 5.4%
New orders for manufactured durable goods in October, down three of the last four months, decreased $16.0 billion or 5.4% to $279.4 billion, the U.S. Census Bureau announced on November 22.
This followed a 4% September increase.
Excluding transportation, new orders were virtually unchanged.
Excluding defense, new orders decreased 6.7%. Transportation equipment, also down three of the last four months, drove the decrease, $16.0 billion or 14.8% to $92.1 billion.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
