Orders for U.S. capital goods advance in October

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters
Demand for capital goods surged the most in the former five months in October, indicating the U.S. companies regain their trust in the nation's economy. Data released by the Commerce Department showed that non-defense capital goods orders, except for aircraft, added 1.7% in the previous month, whereas bookings for durable goods stayed little changed, yet exceeding the forecast of a 0.7% decline. Electrical equipment and appliances equipment rose 4.1%, the biggest increase since August 2011. Meanwhile Machinery bookings advanced 2.9%. The biggest rally of demand was for communications, up 11.4%.  
"Demand for durable goods has stabilized. It's a positive sign," said Ryan Wang, an economist with HSBC Securities USA Inc. in New York, and forecast an increase of 0.9 percent in total orders.

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