us durable goods fall in october
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

on weak aircraft sales

US durable goods fall in October

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleUS durable goods fall in October

Sales of autos, metals and computers posted slight gains in October
Washington - Muslimchronicle

Declining aircraft sales brought October's US durable goods orders to their lowest pace in four months, while a manufacturing sector tied to the oil industry also swung low, official data showed Wednesday.

Sales of military items likewise weighed on the monthly result but autos, metals and computers posted slight gains. The result could point to more modest GDP growth in the final quarter of 2017 but analysts said recent upward trends in key sectors remained unbroken.

Total orders for big-ticket manufactured goods fell 1.2 percent from September, to $236 billion, according to the Commerce Department. The result surprised economists, who had instead been expecting a 0.4 percent increase.

So far in 2017, orders are up 4.9 percent over the same period last year.

Orders for civilian aircraft fell 18.6 percent and defense aircraft were down 11.3 percent. Sales of cars and light trucks, which have struggled to keep pace during much of this year after a record 2016, rose 1.7 percent for the month.

But excluding the highly volatile transportation sector, which sees big swings from month to month, orders had their fourth straight monthly increase, gaining 0.4 percent on rising sales of communications equipment, electrical appliances, machinery and primary metals.

Non-defense capital goods, which can reflect the needs of oil producers and refiners and change with the price of oil, saw their biggest drop in more than a year, falling 0.5 percent.

Joel Naroff of Naroff Economic Advisors cautioned against reading too much into the monthly decline.

"With the passage of a corporate tax cut becoming more possible, the likelihood is that future business capital spending should be strong. While there was a drop in investment in October, the trend this year is still up solidly," he wrote in a client note.

"There were also increases in demand for machinery, electrical equipment, computers and communications equipment. Given the breadth of the gains, I guess you can say that this is another number where the headline was misleading."

Source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us durable goods fall in october us durable goods fall in october

 



Themuslimchronicle, themuslimchronicle

GMT 12:04 2017 Wednesday ,27 September

Thomas Cook sees tourists return to Turkey and Egypt

GMT 20:15 2017 Friday ,17 March

Attack On Aid Convoy in South Sudan Kills Two

GMT 17:32 2017 Friday ,15 September

At least 33 dead in Nigeria boat capsize

GMT 17:23 2013 Friday ,24 May

Woolwich: Terrorism or political murder?

GMT 17:52 2017 Tuesday ,18 April

Meningitis kills 10 more people in NW Nigeria

GMT 18:08 2017 Tuesday ,17 October

Norway solar firm signs 2.5 bn-euro deal with Iran

GMT 07:43 2018 Monday ,22 January

Macron boosts Merkel ahead of key coalition vote

GMT 05:32 2016 Monday ,18 April

Australian dollar falls amid oil talk breakdown

GMT 04:45 2016 Thursday ,15 December

UAE Ambassador and Chilean Energy Minister discuss

GMT 15:34 2011 Saturday ,19 November

Williams to resume sibling rivalry in exhibition

GMT 13:03 2017 Tuesday ,14 March

Snoop Dogg shoots at Trump in new video

GMT 09:37 2016 Monday ,19 September

Southeast Asian haze crisis killed over 100,000

GMT 08:27 2015 Monday ,19 October

Patriots down Colts in 'Deflategate' rematch

GMT 16:36 2017 Tuesday ,12 September

Quarter of houses in Florida Keys destroyed

GMT 21:22 2016 Thursday ,23 June

Poll: Israelis even on Clinton vs. Trump
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle