US durable goods for October -5.4% vs -3.1% expected

<figure data-media-><img src="https://images.forexlive.com/images/Durable%20goods_id_4f825e05-3ae4-4f69-ad64-be5417fc516f_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Durable%20goods_id_4f825e05-3ae4-4f69-ad64-be5417fc516f_original.jpg" /></figure><p><br></p><ul><li>Prior month 4.7% revised to 4.0%</li><li>Durable goods -5.4% vs -3.1% est&nbsp;</li><li>Ex transportation 0.0% vs 0.1% est. Prior month revised to 0.2% from 0.5%</li><li>Ex defense -6.7% vs 5.8% last month revised to 5.0%</li><li>Non defense capital good ex air -0.1% vs 0.1% estimate. Prior month revised to -0.2% vs 0.6% reported</li></ul><p>Shipments details:&nbsp;<br></p><ul><li>Shipments of manufactured durable goods in October experienced a decrease, marking a decline in three of the last four months.</li><li>The decrease amounted to $2.4 billion or 0.9 percent, bringing the total to $280.4 billion.</li><li>This follows a 0.6 percent decrease in September.</li><li>The decrease was primarily led by transportation equipment, which has been down four out of the last five months.</li><li>Specifically, transportation equipment shipments fell by $2.1 billion or 2.3 percent to $88.4 billion.</li></ul><p>Unfilled order details:</p><ul><li>Unfilled orders for manufactured durable goods in October increased, marking an uptrend in ten of the last eleven months.</li><li>The increase was $4.0 billion or 0.3 percent, raising the total to $1,356.9 billion.</li><li>This uptrend follows a 1.3 percent increase in September.</li><li>Transportation equipment orders, also up for ten of the last eleven months, were a leading factor in this increase.</li><li>Specifically, unfilled orders in transportation equipment rose by $3.7 billion or 0.4 percent to $859.2 billion.</li></ul><p>Inventory details:</p><ul><li>Inventories of manufactured durable goods in October increased, marking a rise for three consecutive months.</li><li>The increase was $1.5 billion or 0.3 percent, bringing total inventories to $525.1 billion.</li><li>This increase comes after a 0.1 percent rise in September.</li><li>Transportation equipment inventories, also up for three consecutive months, were a major contributor to this increase.</li><li>Specifically, transportation equipment inventories grew by $1.1 billion or 0.6 percent to $165.9 billion.</li></ul><p></p><p><strong>Nondefense Capital Goods (October):</strong></p><ul><li>New orders decreased by $15.8 billion or 15.6 percent to $85.3 billion.</li><li>Shipments decreased by $0.2 billion or 0.3 percent to $82.9 billion.</li><li>Unfilled orders increased by $2.4 billion or 0.3 percent to $800.7 billion.</li><li>Inventories increased by $0.7 billion or 0.3 percent to $227.3 billion.</li></ul><p></p><p></p><p><strong>Defense Capital Goods (October):</strong></p><ul><li>New orders increased by $3.1 billion or 24.5 percent to $15.6 billion.</li><li>Shipments increased by $0.3 billion or 1.9 percent to $13.9 billion.</li><li>Unfilled orders increased by $1.8 billion or 0.8 percent to $212.3 billion.</li><li>Inventories slightly decreased by less than $0.1 billion or 0.1 percent to $24.2 billion.</li></ul><p></p><p>Weaker than expected data for durable goods reverses gains from last month for the volatile release.&nbsp;&nbsp;</p>

This article was written by Greg Michalowski at www.forexlive.com.