Posted 12/4/2023, 3:20:00 PM
Manufactured Goods Orders Down in October, Dragged Lower by Drop in Aircraft Demand
- Orders for manufactured goods fell 3.6% in October, pulled down by the transportation sector
- Decline was led by a sharp drop in orders for non-defense aircraft, mainly Boeing passenger planes
- Excluding transportation, orders were down 1.2% in October
- Durable goods orders fell 5.4% in October, down in 3 of the past 4 months
- Orders for nondefense capital goods ex aircraft, which feeds into GDP, fell a revised 0.3% in October