October durable goods new orders -1.2%, the.>

US DATA: October durable goods new orders -1.2%, well below the +0.5% 

expected after an upward revised +2.2% in September (prev +2.0%). 

- Durable goods ex-transport +0.4%, as expected, pointing to 

underlying strength. Outside of transport, there were gains for every 

category except fabricated metals. 

- Transport orders -4.3%, with nondefense aircraft orders -18.6%, 

defense orders -11.3, unlisted transportation components -16.8%, 

according to an MNI calc. Mtr veh orders +1.7%, providing some offset. 

- Nondefense capital goods new orders were -4.5% and -0.5% ex. aircraft. 

- Durable shipments +0.1%. Nondef cap gds shipments -1.9% but +0.4% ex. 

air. Durable inventories +0.1%, unfilled orders flat.