Durable goods orders rebounded better than expected in October, rising 3%.
Core durable goods rose 0.5%, also topping forecasts. The data for the prior month were revised higher, although September remained negative, at -0.8%.
The rebound in durable goods orders, by $6.9 billion last month, followed two straight periods of declines.
Economists had estimated that orders for goods built to last over time rose 1.7%, following a drop by 1.2% in the prior period, according to Bloomberg.
Excluding volatile transportation orders, the forecast for core durable goods was +0.3%.
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