Barclays economists expect the......>

US DATA PREVIEW: Barclays economists expect the Wed 8:30am ET October durable

goods will "decline 0.5% m/m, driven mainly by a reduction in non-defense

aircraft orders. Elsewhere at the core level, we look for core durable goods

orders to rise 0.5%, continuing the run of solid prints on core orders. Business

spending has picked up this year, due, in part, to the acceleration in growth

outside the US and the synchronized nature of the global business cycle."

- They add "this environment has supported manufacturing and industrial

production both in the US and externally, and we see it as also filtering

through to stronger core orders. We expect that trend to continue, albeit at a

more modest pace."