Lowest reading since April 2020Prior was +2.8% (revised to +2.3%)Details:Factory orders ex-transportation for October -1.2% versus +0.8% last month (revised to +0.4%)Durable goods order revised -5.4% versus -5.4% preliminary and +4.0% prior monthDurable goods ex-defense -6.7% versus -6.7% preliminary. Last month +5.0%Nondefense capital ex-air -0.3% versus -0.1% preliminary. Last month -0.2%Durable goods ex transportation 0.0% vs 0.0% preliminary. Last +0.2%These numbers can be skewed by large one-off orders and in this case, the auto strike was a big drag. It will bounce back in November and December. This article was written by Adam Button at www.forexlive.com.
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