Durable Goods Orders Fell 1.2 Percent in September

New orders for manufactured durable goods decreased 1.2 percent to $231.1 billion in September, according to the U.S. Census Bureau. The September decrease followed a 3.0 percent decrease in August. The majority of the decline was attributable to a 2.9 percent fall in new orders for transportation equipment. Excluding transportation, new orders fell 0.4 percent.

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New orders excluding defense fell 2.0 percent on the month, while orders of non-defense capital goods decreased 7.6 percent to $72.2 billion. Shipments of non-defense goods decreased 0.6 percent to $79.8 billion.

Shipments of manufactured durable goods, up three of the last four months, increased 0.2 percent to $242.5 billion, following a 0.5 percent decrease in August.

Inventories of manufactured durable goods, down four of the last five months, declined 0.3 percent to $399.4 billion, following a 0.2 percent decrease in August.

Read the Census release.