Orders for manufactured goods fell 3.6 % in October, pulled down by the transportation sector, the Commerce Department said Monday.
Economists surveyed by the Wall Street Journal were expecting a 3.5% decline. It is only the second decline in the past eight months.
Orders for non-defense aircraft, mainly Boeing
BA,
passenger planes, dropped sharply. Excluding transportation, orders were down 1.2% in October.
Durable-goods orders fell 5.4% in October unrevised from the initial estimate released late last month. Durables are down in three of the past four months. Non-durable goods orders fell 1.9%.
A key sector watched by economists, orders for nondefense capital goods, excluding aircraft, fell a revised 0.3% in October, down slightly from the initial estimate of a 0.1% decrease. Shipments of these goods, which feeds into the gross domestic product report, were flat in October after a 0.1% drop in the prior month.
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