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US: New orders for durable goods in Oct. decreased $2.8 bln or 1.2% to $236.0 billion

"New orders for manufactured durable goods in October decreased $2.8 billion or 1.2 percent to $236.0 billion," the U.S. Census Bureau reported on Wednesday.

Key takeaways

This decrease, down following two consecutive monthly increases, followed a 2.2 percent September increase.

Excluding transportation, new orders increased 0.4 percent.

Excluding defense, new orders decreased 0.8 percent.

Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $3.5 billion or 4.3 percent to $77.1 billion. 

Shipments of manufactured durable goods in October, up five of the last six months, increased $0.3 billion or 0.1 percent to $241.0 billion.

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"In the week ending November 18, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 13,000 from the previous week's
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