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US durable goods orders down -5.4% mom, driven by transportation equipment

US durable goods orders fell -5.4% mom to USD 279.4B in October, worse than expectation of -3.2% mom. Headline orders were also down three of the last four months. Ex-transport orders was rose 0.0% mom to 187.4B. Ex-defense orders fell -6.7% mom to 261.6B. Transportation equipment also down three of the last four months, drove the decrease by -14.8% mom to USD 92.1B.

Full US durable goods release here.

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