Prelim durable goods orders data for October
- was +2.0% (revised to +2.2%)
- Ex transportation +0.4% vs +0.5% expected
- Prior ex-transportation +0.7% (revised to +1.1%)
These are some weak numbers. The revisions hardly dampen a big miss in durable goods orders but in core orders, the +0.4 revision helps to balance out a 1.0 miss but
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