Orders for costly U.S. manufactured goods fell in October, the government said in an economic report signaling that consumer and business demand was slowing, according to a published article by Reuters. A big drop in orders for transportation equipment helped to push down durable goods orders last month, the first decrease since July. However, economists were not unduly shocked by the drop, saying that big swings in aircraft orders could skew the often-volatile headline number. Durable goods orders fall.
Consumer confidence falls.
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