Durable Goods Orders Grew 2.2% in September

New orders for manufactured durable goods increased 2.2% in September to $238.7 billion, following an upwardly revised 2.0% August increase, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 5.1% to $81.2 billion over the month.

New orders excluding defense grew 2.0% on the month, while orders of nondefense capital goods jumped 6.1% to $74.9 billion.

Shipments of manufactured durable goods, rose 1.0% to $240.5 billion. This followed a 0.7% increase in August.

Inventories of manufactured durable goods continued to rise, growing 0.6% to $403.6 billion. This followed a 0.5% August increase and led to growth in fourteen of the last fifteen months.

Read the Census release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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