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Oct durable goods new orders -4.4% vs -2.5%.>

US DATA
US DATA: Oct durable goods new orders -4.4% vs -2.5% exp, largest drop 
since July 2017, led by -12.2% in transport. Sept orders rev dn sharply 
to -0.1% vs +0.7% prev. 
- Durable goods ex-trans orders +0.1%, smaller than +0.3% expected after 
rev dn -0.6% in Sept (prev flat), with mixed components.
- The downward revisions to Sept data are a negative for Q3 GDP.                                   
- Within transport, nondefense aircraft orders -21.4% after -19.3% in    
Sept, while defense aircraft orders -59.3% and the unlisted transport 
components -19.4%, according to an MNI calc. Mtr vehicle orders +0.2%.
- Nondefense capital goods new orders -4.2%, but flat ex. aircraft.     
- Durable shipments -0.6%. Nondef cap gds shipments -2.4%, but +0.3% ex.
air. Durable inventories flat, unfilled orders -0.2%.                  
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