Investing.com – U.S. core durable goods orders plunged unexpectedly in October, falling the most since March 2009, official data showed on Wednesday.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted 2.7% in October, after rising by 1.3% in September, whose figure was revised up from a decline of 0.8%.
Analysts had expected core durable goods orders to rise by 0.4% in October.
The report also showed that durable goods orders, which include transportation items, tumbled more-than-expected in October, posting its biggest fall since January 2009.
Durable goods orders fell by a seasonally adjusted 3.3% in October, after rising by 5.0% in September, whose figure was revised up from 3.3%.
Analysts had expected durable goods orders to decline by 0.3% in October.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD falling 0.10% to hit 1.3253.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.53%, S&P 500 futures pointed to a rise of 0.61% and Nasdaq 100 futures were up 0.70%.
In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted 2.7% in October, after rising by 1.3% in September, whose figure was revised up from a decline of 0.8%.
Analysts had expected core durable goods orders to rise by 0.4% in October.
The report also showed that durable goods orders, which include transportation items, tumbled more-than-expected in October, posting its biggest fall since January 2009.
Durable goods orders fell by a seasonally adjusted 3.3% in October, after rising by 5.0% in September, whose figure was revised up from 3.3%.
Analysts had expected durable goods orders to decline by 0.3% in October.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD falling 0.10% to hit 1.3253.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.53%, S&P 500 futures pointed to a rise of 0.61% and Nasdaq 100 futures were up 0.70%.