In October, new orders for core capital goods (nondefense capital goods excluding aircraft) fell 1.3 percent compared with September. Shipments declined 0.4 percent compared with the previous month. The decline in both new orders and shipments suggests that growth in business investment in equipment heading into the fourth quarter may have moderated. Year-over-year growth rates for both orders and shipments remained solid.

Core Capital Goods year-over-year percent change, seasonally adjusted

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