Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. Durable Goods Orders Unexpectedly Slump in October

Economic IndicatorsNov 22, 2017 08:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. durable goods orders decrease 1.2% in October, core orders rise 0.4%

Investing.com - U.S. orders for long lasting manufactured goods unexpectedly fell in October from a surprisingly strong reading in the prior month, dampening optimism over the U.S. economy, according to official data released on Wednesday.

Total durable goods orders, which include transportation items, decreased by 1.2% last month, the Commerce Department said, compared to economists' expectations for a gain of 0.3%.

That came after September’s strong surge of 2.2%, which was upwardly revised from an initial 2.0% advance.

Durable goods are typically bulky or heavy manufactured products designed to last at least three years.

Core durable goods orders, which exclude volatile transportation items, rose by 0.4% last month, missing expectations for a 0.5% increase.

September's core durable goods orders registered a 1.1% advance which was an upward revision from a 0.7% gain.

Durable orders excluding defense fell by 0.8% in October, compared to a forecast for a 0.9% increase. The prior month’s reading was revised from a 1.9% to a 2.4% advance.

Durable goods excluding defense and aircrafts slipped by 0.5% in October, compared to expectations for a 0.5% gain.

The previous month registered a rise of 2.1% which was an upward revision from an initial gain of 1.7%.

After the report, which was released simultaneously with weekly jobless claims, EUR/USD was trading at 1.1750 from around 1.1746 ahead of the publication; GBP/USD was at 1.3236 from 1.3230 earlier; while USD/JPY was at 111.96 from 111.98 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 93.74 compared to 93.77 prior to the release.

Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures gained 38 points, or 0.16%, the S&P 500 futures rose 2 points, or 0.08%, while the Nasdaq 100 futures traded up 9 points, or 0.14%.

Elsewhere, in the commodities market, gold futures traded at $1,285.85 a troy ounce, compared to $1,286.00 ahead of the data, while crude oil traded at $57.81 a barrel from $57.91 earlier.

U.S. Durable Goods Orders Unexpectedly Slump in October
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Bitty Singh
Bitty Singh Nov 22, 2017 8:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
USD will fall 200 pips for next 1 hour
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email