Durable Goods Orders Fall in September

New orders for manufactured durable goods fell 0.1% in September, following a 0.3% increase in August, according to the U.S. Census Bureau.

durablegoods

New orders excluding defense increased 0.7% on the month, as orders of nondefense capital goods rose 1.5% to $68.2 billion.

Shipments of manufactured durable goods, up three of the last four months, rose 0.8% to $234.5 billion, after a virtually unchanged decrease in July.

Inventories of manufactured durable goods rose 0.1% to $384 billion, following a 0.1% August increase. Machinery led the increase, rising 0.5% to $66 billion.

Read the Census release.
Visit Banks and the Economy.

Share.

About Author

Tyler Mondres

Tyler Mondres is senior manager for research at ABA and a frequent contributor on fintech topics to the ABA Banking Journal.