US: Durable Good Orders (Oct.) contracted 2.0%

FXstreet.com (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods dropped 2.0% inter-month during October, missing expectations at -1.9%, and down from September’s 3.8% gain (revised). If we strip the Transportation sector, orders fell 0.1%, coming in short of estimates at 0.5% although better than the previous -0.2% (revised).