US Durable Goods Orders Fall 0.1% in September


New orders for US manufactured durable goods declined 0.1 percent month-over-month in September of 2016, following an upwardly revised 0.3 percent gain in August and compared to market expectations of a 0.1 percent increase. Excluding transportation, new orders increased 0.2 percent and excluding defense, new orders rose 0.7 percent. Non-defense capital goods orders excluding aircrafts, a proxy for business spending fell 1.2 percent, the biggest drop since February, following three months of gains.

Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $0.6 billion or 0.8 percent to $77.5 billion.

Shipments of manufactured durable goods in September, up three of the last four months, increased $2.0 billion or 0.8 percent to $234.5 billion. This followed a virtually unchanged August decrease. Transportation equipment, up following two consecutive monthly decreases, led the increase, $1.8 billion or 2.3 percent to $82.1 billion. 

Unfilled orders for manufactured durable goods in September, down four consecutive months, decreased $3.9 billion or 0.4 percent to $1,119.3 billion. This followed a 0.1 percent August decrease. Transportation equipment, also down four consecutive months, drove the decrease, $4.6 billion or 0.6 percent to $764.2 billion. 

Inventories of manufactured durable goods in September, up three consecutive months, increased $0.5 billion or 0.1 percent to $384.0 billion. This followed a 0.1 percent August increase. Machinery, up three of the last four months, led the increase, $0.3 billion or 0.5 percent to $66.0 billion. 

Nondefense new orders for capital goods in September increased $1.0 billion or 1.5 percent to $68.2 billion. Shipments increased $1.5 billion or 2.2 percent to $71.8 billion. Unfilled orders decreased $3.6 billion or 0.5 percent to $692.8 billion. Inventories increased $0.5 billion or 0.3 percent to $170.4 billion.

Defense new orders for capital goods in September decreased $0.9 billion or 7.7 percent to $11.3 billion. Shipments increased $0.1 billion or 0.8 percent to $10.4 billion. Unfilled orders increased $0.9 billion or 0.6 percent to $138.5 billion. Inventories decreased less than $0.1 billion or 0.2 percent to $20.8 billion.

US Durable Goods Orders Fall 0.1% in September


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
10/27/2016 12:46:39 PM