Durable Orders Fall 0.7%; Ex-Transportation Up 0.7%

WASHINGTON — New orders for manufactured durable goods fell $1.4 billion, or 0.7%, to $197.7 billion in October, the Commerce Department reported Wednesday.

The decline was the second in two months, following a revised 1.5% drop in September.

Excluding transportation, new orders rose 0.7%, and excluding defense, they gained 0.2%.

Economists saw a 1.0% drop in new orders, flat excluding transportation.

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