US Durable Goods Orders Unexpectedly Increase


New orders for US manufactured durable goods unexpectedly rose 0.8 percent month-over-month in September of 2018, following an upwardly revised 4.6 percent rise in August and beating market expectations of a 1 percent drop. Transportation equipment drove the increase as orders for motor vehicles and parts went up 1.3 percent and orders for defense capital jumped 119.1 percent. Orders for non-defense capital goods excluding aircraft, seen as a proxy for business spending plans, edged down 0.1 percent after a 0.2 percent drop in August.

Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 0.6 percent. Transportation equipment, also up three of the last four months, led the increase, $1.8 billion or 1.9 percent to $97.4 billion.

Shipments of manufactured durable goods in September, up four of the last five months, increased $3.3 billion or 1.3 percent to $256.8 billion. This followed a 0.9 percent August increase. Transportation equipment, up three of the last four months, led the increase, $2.9 billion or 3.3 percent to $89.4 billion.

Unfilled orders for manufactured durable goods in September, up ten of the last eleven months, increased $9.4 billion or 0.8 percent to $1,186.1 billion.  This followed a 0.9 percent August increase. Transportation equipment, up seven of the last eight months, led the increase, $7.9 billion or 1.0 percent to $818.7 billion.

Inventories of manufactured durable goods in September, up twenty of the last twenty-one months, increased $2.8 billion or 0.7 percent to $410.7 billion.  This followed a 0.2 percent August decrease. Transportation equipment, up two of the last three months, led the increase, $1.2 billion or 0.9 percent to $130.5 billion. 

Nondefense new orders for capital goods in September decreased $1.9 billion or 2.4 percent to $79.1 billion. Shipments increased $2.1 billion or 2.7 percent to $79.5 billion.  Unfilled orders decreased $0.4 billion or 0.1 percent to $717.9 billion.  Inventories increased $1.7 billion or 0.9 percent to $179.5 billion. Defense new orders for capital goods in September decreased $2.4 billion or 14.3 percent to $14.2 billion. Shipments increased $0.1 billion or 0.7 percent to $11.7 billion.  Unfilled orders increased $2.4 billion or 1.6 percent to $154.4 billion.  Inventories increased $0.2 billion or 0.8 percent to $22.8 billion.

US Durable Goods Orders Unexpectedly Increase


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
10/25/2018 12:44:09 PM