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Durable Goods Orders down by 0.1%

Thursday, Oct 27 2016
Durable Goods Orders down by 0.1%

Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction. Bookings for non-military capital goods excluding aircraft dropped 1.2 percent, erasing a 1.2 percent August gain that was stronger than previously reported, Commerce Department data showed Thursday. The median forecast of economists surveyed by Bloomberg called for a 0.1 percent drop. Demand for all durable goods eased 0.1 percent.

Separate report on Unemployment Claims showed that in the week ending October 22, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week's revised level. The previous week's average was revised up by 250 from 251,750 to 252,000. There were no special factors impacting this week's initial claims. This marks 86 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

 

Euro is currently being traded around 1.0920 level, Sterling is near 1.22 area, while Aussie is at 0.76 handle.

More in this category: « UK GDP grew by 0.5% in Q3 Pending Home Sales rose 1.5% »

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