Durable Goods Requests Up 1.3% in October, Beating Expectations

The Durable goods requests in October rose 1.3%, beating the market consensus of 0.9% and after having advanced 2.1% in September (revised up from 1.9%). In general, all aspects of the report showed figures that were above expectations.

The orders without taking into account defense, or aviation climbed 0.7% (against 0.5% expected) in October after rising 1.9% in September (revised from 1%). Without taking transport into account the rise in orders in October was 1.3%, against the 0.4% expected by the average of analyst estimates. Without taking into account defending, the rise in October was 0.2%.

A new estimate of GDP growth for the third quarter was also published, as well as the foreign trade report and requests for unemployment benefits. The dollar leaned lower following the reports.

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