Orders for durable goods in the U.S. up 1.0% in October

According to the U.S. Commerce Department, orders for durable goods such as aircraft, automobiles and large machinery with a life of three years or more rose 1.0% in October, following a 0.3% increase in September.

Orders for durable goods were boosted by orders for motor vehicles and aircraft.

New orders for durable goods, i.e. capital goods excluding aircraft and weapons, rose 0.7% in October after falling 0.8% in September.

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