U.S. DURABLE GOODS ORDERS JUMP 1.3%, EXCEEDING EXPECTATIONS

Key Points:

  • Manufacturers’ new orders for durable goods rose 1.3% in October, exceeding economists expectations of 0.9%.
  • This is the 6th consecutive month of gains, indicating demand and recovery in the manufacturing sector.
  • Shipments for durable goods also rose by 1.3% and are now 0.6% above pre-pandemic levels.
  • The Right Facts will continue to monitor the manufacturing industry’s recovery.
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