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Durables Orders Fall in October
Durable goods orders dropped 3.3% in October, the largest decrease since January 2009, the Commerce Department said Wednesday.
Excluding transportation, orders decreased 2.7%.
Orders for non-military goods excluding aircraft orders fell 4.5%, Commerce said.
Total orders for durable goods were projected by analysts to rise 0.1%, Bloomberg reported.
Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
