Durable Goods Orders Decreased in September

New orders for manufactured durable goods decreased 1.1% in September to $248.2 billion, following three consecutive monthly increases, according to the U.S. Census Bureau. Transportation equipment drove the decrease, declining 2.7% to $84.5 billion over the month.

New orders excluding defense fell 1.2% on the month, while orders of nondefense capital goods excluding aircraft decreased 0.5% to $68.6 billion.

Shipments of manufactured durable goods declined 0.4% to $252.5 billion. This was the third consecutive monthly decrease.

Inventories of manufactured durable goods continued to rise, growing 0.5% to $430.3 billion. Inventories are up 14 of the last 15 months.

Read the Census release.