Investing.com - U.S. core durable goods orders rose unexpectedly in October, while total orders were unchanged, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.5% in October, confounding expectations for a 0.5% decline.
Core durable goods orders for September were revised to a 1.7% gain from a previously reported increase of 2.0%.
The report also showed that total durable goods orders, which include transportation items, were unchanged last month, compared to expectations for a 0.6% decline.
Durable goods for September were revised down to a 9.2% gain from a previously reported jump of 9.8%.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, rose 1.7% last month, defying expectations for a 0.5% decline.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.14% to trade at 1.2954.
Meanwhile, U.S. stock index futures remained little changed. The Dow Jones Industrial Average futures pointed to a loss of 0.05%, S&P 500 futures indicated a rise of 0.05%, while the Nasdaq 100 futures signaled an increase of 0.1%.
In a report, the U.S. Census Bureau said that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.5% in October, confounding expectations for a 0.5% decline.
Core durable goods orders for September were revised to a 1.7% gain from a previously reported increase of 2.0%.
The report also showed that total durable goods orders, which include transportation items, were unchanged last month, compared to expectations for a 0.6% decline.
Durable goods for September were revised down to a 9.2% gain from a previously reported jump of 9.8%.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, rose 1.7% last month, defying expectations for a 0.5% decline.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.14% to trade at 1.2954.
Meanwhile, U.S. stock index futures remained little changed. The Dow Jones Industrial Average futures pointed to a loss of 0.05%, S&P 500 futures indicated a rise of 0.05%, while the Nasdaq 100 futures signaled an increase of 0.1%.