US Durable Goods Orders Jump 2.2%


New orders for US manufactured durable goods rose 2.2 percent month-over-month in September of 2017, following an upwardly revised 2 percent increase in August and well above market expectations of a 1 percent gain. Orders for transport equipment went up 5.1 percent and those for nondefense aircraft and parts jumped 31.5 percent, mainly due to a rise in Boeing aircraft orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans increased 1.3 percent, following an upwardly revised 1.3 percent gain in the previous month.

Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders increased 2.0 percent. 

Shipments of manufactured durable goods in September, up four of the last five months, increased $2.4 billion or 1.0 percent to $240.5 billion. This followed a 0.7 percent August increase. Transportation equipment, up two of the last three months, led the increase, $1.1 billion or 1.4 percent to $79.7 billion. 

Unfilled orders for manufactured durable goods in September, up following two consecutive monthly decreases, increased $2.8 billion or 0.2 percent to $1,135.1 billion. This followed a virtually unchanged August decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.5 billion or 0.2 percent to $772.1 billion. 

Inventories of manufactured durable goods in September, up fourteen of the last fifteen months, increased $2.4 billion or 0.6 percent to $403.6 billion. This followed a 0.5 percent August increase. Transportation equipment, up three consecutive months, led the increase, $0.8 billion or 0.7 percent to $130.8 billion. 

Nondefense new orders for capital goods in September increased $4.3 billion or 6.1 percent to $74.9 billion. Shipments increased $1.7 billion or 2.4 percent to $73.5 billion. Unfilled orders increased $1.3 billion or 0.2 percent to $704.8 billion. Inventories increased $1.4 billion or 0.8 percent to $179.9 billion. Defense new orders for capital goods in September increased $0.5 billion or 4.1 percent to $11.5 billion. Shipments increased $0.2 billion or 1.7 percent to $10.6 billion. Unfilled orders increased $0.9 billion or 0.7 percent to $143.9 billion. Inventories decreased $0.1 billion or 0.3 percent to $23.4 billion.

US Durable Goods Orders Jump 2.2%


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
10/25/2017 12:42:55 PM