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