Washington: US new durable goods orders decreased 2.2% in October from the previous month, according to data released Tuesday by the Census Bureau. New orders for manufactured durable goods, which measure the change in the value of new purchase orders placed with manufacturers, fell $6.8 billion to $307.4 billion in October.

According to Anadolu Agency, this followed an upwardly revised 0.7% growth in the previous month and exceeded market expectations of a 1.5% decrease for October. "Transportation equipment, also down following two consecutive monthly increases, drove the decrease by $7.2 billion or 6.5% to $103.9 billion," the bureau said in a statement.

Nondefense orders fell by 20.1% to $17.4 billion, and defense orders declined by 32.4% to $6.1 billion. Aircraft orders, capital goods fell by 5.6% to $107.4 billion, and primary metals saw a decrease of 0.7% to $27.2 billion in October. However, orders for machinery increased by 0.8% to $40 billion, and manufactured metal items rose by 0.5% to $41.9 billion compared to the previous month.

Orders for non-defense capital goods excluding aircraft, a closely monitored indicator of business spending plans, increased by 0.5%. Excluding transportation, new orders were up 0.2%, and excluding defense, new orders decreased 1.5%.