Skip to main content

Durable Goods (Oct.) & GDP (Q3, 2nd Estimate)

The rise in durable goods orders last month was driven by a surge in orders for underlying capital goods, suggesting that business equipment investment is holding up better than anticipated. Together with the October advance trade data, released yesterday, we’re raising our forecast for fourth-quarter GDP growth to 1.5% annualised, from 1.0%. That would represent a modest slowdown from the upwardly revised reading of 2.1% in the third quarter.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access