US durable goods orders slightly rose in October, suggesting a potentially slower business spending pace.

US durable goods orders rose just 0.2% in October, lower than the expected 0.5% increase, according to the Commerce Department. Transportation equipment orders led the increase, up 0.5%, but non-defense capital goods orders, excluding aircraft, dropped by 0.2%. Despite tighter monetary policy, business investment in equipment has remained steady. The report suggests a potentially slower pace of business spending on equipment.

November 27, 2024
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