The Census Department Advance Report on Durable Goods Manufacturers’ Shipments, Inventories, and Orders shows durable goods orders fell 4.6%. Excluding defense, new orders decreased 6.6 percent.
What October Brought, November Took Away
The one bright spot in the report was core capital goods (non-defense capital goods excluding aircraft). Core capital goods new orders rose 0.9%.
Mike “Mish” Shedlock
