Durable Goods Orders Decline 1.2 percent in September; Down 2 Consecutive Months

rtThe Commerce Department reported today that new orders for durable goods decreased $2.9 billion or  1.2 percent in September, less than the 2.00 percent declining forecast from briefing.com while August’s orders were revised lower 3.0 percent from 2.3 percent.

Excluding transportation, new orders decreased 0.4 percent in September.

Excluding defense, new orders decreased 2.0 percent in September.

Transportation equipment led the decrease with 2.9 percent or $2.2 billion to $ 75.5 billion.

Non-defense new orders for capital goods in September decreased 7.6 percent or $ 5.9 billion to $ 72.2 billion.

Defense new orders for capital goods in September increased 12.3 percent or $1.1 billion to $9.7 billion.

Shipments of manufacturing durable goods in September, up three of the last four months, increased 0.2 percent to $242.5 billion and was higher than the 0.5 decrease in August.

Unfilled orders for manufacturing goods in September decreased 0.6 percent, lower than the 0.3 percent decrease in August and is down 2 consecutive months.

-John Schweitzer

 

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