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Economic Data (USA)

Tuesday, November 28, 2006

Durable Goods Orders Report for October, 2006 Released Today

The Durable Goods Orders report for October, 2006 was released this morning:

Predicted: -5.0%
Actual: -8.3%

The above percentages represent the month-to-month change in orders for durable or hard goods for immediate or future delivery from U.S. manufacturers. Examples of durable goods: cars, microwave ovens, computers -- items that are built to last 3+ years.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure. The Durable Goods Orders report is produced by the Commerce Department.

Click here to view the full Commerce Department report (PDF).



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