US: Orders for durable goods in Oct. decreased 4.4% to $248.5 billion

"New orders for manufactured durable goods in October decreased $11.5 billion or 4.4 percent to $248.5 billion," the U.S. Census Bureau reported today.

Key takeaways from the press release

• This decrease, down three of the last four months, followed a 0.1 percent September decrease.
• Excluding transportation, new orders increased 0.1 percent.
• Excluding defense, new orders decreased 1.2 percent. 
• Shipments of manufactured durable goods in October, down following two consecutive monthly increases, decreased $1.4 billion or 0.6 percent to $254.5 billion.