Consumers showed some reluctance to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.
Orders for manufactured durable goods fell 0.6% to $166.2 billion last month, the second decline in the past three months.
Excluding transportation, new orders decreased 1.3% and excluding defense, new orders fell 0.4%
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Shipments of manufactured durable goods in October increased for the second time in three months. They fell 0.2% or $0.3 billion.
Inventories of manufactured durable goods-which have been down for 10 consecutive months-fell $0.1 billion to $30.2 billion. Consumers bought fewer big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.
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