US: Durable Goods Orders Fall by 0.5% in October

According to the latest release by the US Census Bureau, US Durable Goods Orders fell by 0.5% MoM in October compared to market expectations for a small 0.2% rise in sales. That marked an acceleration of the 0.4% contraction in orders recorded in September. Excluding transportation, orders rose at a pace of 0.5% MoM, however, above expectations for a 0.2% MoM pace of growth.