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Durable Goods Orders Sank to 4.6%, But Core Figures Slightly Increased

December, 23 2016
watermark Economic news

The report for durable goods orders hand over a lower-than-expected data in October based on the information released by the Commerce Department on Wednesday. Orders for appliances declined to 4.6% compared with the 4.8% surmise. As transportation equipment was excluded, the orders for core durable goods surge up to 0.5% versus the expected 0.2%.

While Orders for nondefense capital goods except aircraft, a significant measure used for business spending, rose to 0.9% in contrast to the 0.4% likelihood. This report is an indication with regards the corporate America’s plans.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.