US Factory Orders Slide In October

Following the dismally weak preliminary durable goods orders drop (-1.2% MoM) as aircraft orders tumbled, October Factory Orders declined but were better-than-expected (-0.1% vs -0.4% exp) after an upwardly revised September (up from +1.4% to +1.7% MoM).

Overall Durable Goods orders werre also revised higher from their preliminary prints. Most notably, core capital goods orders were revised from a 0.5% MoM slump to a 0.3% gain.

Comments

Consuelo Mon, 12/04/2017 - 10:48 Permalink

  I'm curious... When all of the washing machines, dryers, household electronics, tools, etc., have been made overseas now for years (if not decades), just what are these 'durable goods' they're talking about, and those 'factories' too...?