Free Markets, Free People
Economic Calendar: 10/04/10
Pending sales of existing homes rose 4.5% last month. They’re still 18% lower than the same month last year, however.
Factory orders declined for the third time in for months. Orders decreased by 0.5% to $408.94 billion, the Commerce Department reported. The decline was led by a 1.5% decrease in durable goods orders.
However, capital good orders rose more than expected. Orders for non-military capital goods, excluding aircraft, rose by 5.1%.