New orders for manufactured durable goods in October, down following two consecutive monthly increases, decreased $6.8 billion or 2.2 percent to $307.4 billion, the U.S. Census Bureau announced today. This followed a 0.7 percent September increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders decreased 1.5 percent. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $7.2 billion or 6.5 percent to $103.9 billion.
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