US goods orders probably dropped
Demand for durable goods probably decreased in October, held back by slowdowns in US business investment and exports, economists said before a report today.
The projected 0.7 percent drop in bookings for goods meant to last at least three years follows a 9.8 percent increase in September, according to the median forecast of 75 economists surveyed by Bloomberg.
Other data may show property values are continuing to firm and consumers are gaining confidence.
Caterpillar Inc. (CAT) and Deere & Co. are among companies that have trimmed sales projections as they prepare for the effects of a fiscal cliff of U.S. tax increases and government budget cuts set to take effect in January.