October durable goods orders down 2.2%
New orders for manufactured durable goods in October, down following two consecutive monthly increases, decreased $6.8 billion or 2.2% to $307.4 billion, the U.S. Census Bureau announced on Dec. 23.
This followed a 0.7% September increase.
Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 1.5%.
Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $7.2 billion or 6.5% to $103.9 billion.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
