UPDATED:
11/23/2011 8:50:00 AM
Write a Letter to the Editor
Tweet
Print This
Durable goods orders declined 0.7% in October as demand for aircraft and business equipment dropped, the Commerce Department said Wednesday.
The decrease followed a revised 1.5% drop in September that was larger than previously reported, Commerce said.
Economists had expected a 1.2% decrease in October, Bloomberg reported.
Excluding volatile transportation orders, bookings for goods meant to last several years rose 0.7%, Commerce said.
Durable goods include large items like refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
Follow Transport Topics on RSS Twitter Facebook
Tweet
Print This
© 2011, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
