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Last week’s highlights
US durable goods orders rise by 1.3% in October
The monthly durable goods orders report measuring the new orders for manufactured goods surged more than expected.
Data from the Commerce Department showed that durable goods orders rose by 1.3% in October. This comes on the back of a 2.1% increase in September.
October’s data also beat the general forecasts of a 0.9% increase. Excluding the transportation orders, durable goods orders also rose by 1.3% on the month.
Forecasts were for a 0.4% increase excluding transportation. Orders for non-defense capital goods and excluding aircraft rose by 0.7% during the month.
US third-quarter GDP co4nfirmed at 31.4%
The second revised GDP estimates for the United States did not show any major changes.
As per the initial estimates, data from the Commerce Department confirmed a 31.4% increase on an annual basis. This was for the three months ending September.
The second revised estimates showed a modest upside revision to ...
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