A recent government report suggests that the $5.9 trillion U.S. manufacturing sector is facing some headwinds, as orders for durable goods, such as cars, computers, and appliances fell for the second straight month in October. The report showed new orders declining 0.5 percent in October 2021, following a 0.4 percent drop in September 2021, representing a $1.2 billion decline. Economists surveyed by The Wall Street Journal had forecast a 0.3 percent increase in orders up from September. The decline in durable product orders stemmed entirely from fewer orders for passenger aircraft and parts, which fell by 14.5 percent. New orders excluding aircraft and cars were up by 0.6 percent in October compared with the previous month. Requests for new orders were rising for 16 months until September 2021, after hitting a low point in April 2020. High demand from business and retail with depleted inventories, combined with higher consumer spending, had translated …
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