September Durable Goods Orders Decrease 1.2%



New orders for manufactured durable goods decreased $2.9 billion or 1.2% to $231.1 billion in September, according to the U.S. Department of Commerce.

Transpiration equipment, now down for two consecutive months, led the decline, decreasing by $2.2 billion, or 2.9%, to $75.5 billion.

Shipments of manufactured durable goods also rose, albeit slightly, in September, boosting by $400 million. Transpiration equipment, which has been up in three of the last four months, was primarily responsible for the increase, jumping by $500 million or 0.6% to $81 billion.

Unfilled orders regressed by $6.6 billion or 0.6% to $1.19 billion following a decrease in August.

In addition, nondefense new orders for capital goods decreased by $5.9 billion or 7.6% to $72.2 billion, while defense new orders for capital goods jumped 12.3% to reach $9.7 billion during the month.

Inventories for durable goods fell in September, dropping by $1.3 billion or 0.3% to just under $400 billion. Once again, transportation equipment was the culprit, falling by $1 billion or 0.8% to $131.3 billion.


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