United States Durable Goods Orders

New orders for manufactured durable goods in the US decreased by 2.2 billion or 0.8 percent to $284.8 billion in September 2024, following a revised 0.8 percent decline in August and compared with market expectations of a 1 percent fall. Transportation equipment, also down three of the last four months, drove the decrease, $3.1 billion or 3.1 percent to $95.4 billion. Orders also fell for machinery (-0.2 percent), computers and electronic product (-0.3 percent) and capital goods (-2.8 percent). Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders decreased 1.1 percent. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.5 percent in September, after a 0.3 percent increase in the prior month and better than market forecasts of a 0.1 percent increase.