Core capital goods orders for durable goods in the United States decreased by 0.2% in October, unexpectedly declining.

November 28, 2024, 1:07 AM GMT+9

Excluding aircraft, non-defense capital goods (core capital goods) orders in October announced by the U.S. Department of Commerce decreased by 0.2% compared to the previous month. Market estimates were +0.1%. The September figures were revised downward from +0.7% to +0.3%.
The unexpected decrease in orders for core capital goods, which serves as a leading indicator for private sector investment, suggested a slowdown in business capital investments in the current quarter.
Shipments of core capital goods increased by 0.2%. It had decreased by 0.1% in the previous month.
Orders excluding defense-related orders from capital goods turned from a 3.5% decrease in the previous month to a 1.4% increase. Shipments decreased by 1.9%. It was a 3.8% decrease in the previous month.
Overall durable goods orders increased by 0.2%. It was a 0.4% decrease in the previous month. Durable goods orders refer to items used for more than three years, ranging from toasters to airplanes.
The increase in orders for transportation equipment from a 1.9% decrease in the previous month to a 0.5% increase was a contributing factor.
Orders for automotive parts decreased by 0.4%. Orders for civilian aircraft increased by 8.3%. It was a 16.6% decrease in the previous month. According to the website of Boeing (BA.N), the aircraft orders in October were 63, a decrease from the 65 orders in the previous month.

Shipments of civilian aircraft decreased by 11.8%. It is believed that the 7-week strike at Boeing's West Coast factory had an impact.