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US Durable Goods Orders rebounded in October

Wednesday, Nov 25 2015
U.S. orders for long-lasting or durable goods rebounded in October to show the first increase in three months. Bookings rose a seasonally adjusted 3%, following declines of 0.8% in September and 2.9% in August. Economists had expected a seasonally adjusted 2.1% increase last month. 
 
Orders for most industrial goods except for autos and appliances advanced, led by a surge in demand for large, commercial airplanes. Stripping out transportation, durable-goods orders rose a smaller 0.5% last month, the Commerce Department said Wednesday. Orders for core capital goods - a proxy for business investment - advanced a solid 1.3%. Yet shipments of core capital goods, a category used to help determine quarterly economic growth, fell 0.4% in October.
 
Separate report on Unemployment Claims showed decrease to 260,000, also beating market forecasts. The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending November 14, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 14 was 2,207,000, an increase of 34,000 from the previous week's revised level. 
 
Euro is currently being traded few points below 1.05800 level, Sterling is around 1.51 handle, while Aussie is above 0.7240 area. Later today,  New Home Sales figures are scheduled for a release.
 
More in this category: « Risks from outside euro area rise, Financial Stability Review shows New Home Sales at an annual rate of 495,000 »

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