EmailFactory orders declined 0.4% in October, exactly what the Briefing.com consensus expected. Orders in September were revised down from 0.3% to -0.1%.
Durable goods orders were revised up from -0.7% in the advance release to -0.5%. Excluding transportation, durable goods orders were revised up from 0.7% to 1.1% Just about all of the positive revisions to durable goods in October came from stronger-than-originally-expected demand for business investment goods.
Orders of nondefense capital goods excluding aircraft were revised up from -1.8% in the advance release to -0.8%. Shipments of business investment goods, which factor directly into Q4 GDP, were also revised up a percentage point from -1.1% to -0.1%. Nondurable goods orders declined 0.3% in October, down from +0.9% growth in September.
