US durable goods orders dropped -0.5% in Oct, ex-transport orders rose 0.5%

<p>US durable goods orders dropped -0.5%to USD 260.1B in October, below expectation of 0.2%. Ex-transport orders rose 0.5%, matched expectations. Ex-defense orders rose 0.8%. Transportation equipment dropped -2.6% to USD 75.3B. Goods trade deficit narrowed to USD -82.9B in October, versus expectation of USD -94.7B.</p>
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