New orders for US manufactured durable goods rose 0.4 percent from a month earlier in January of 2019, following an upwardly revised 1.3 percent advance in December and beating market expectations of a 0.5 percent drop. Transportation equipment, up five of the last six months, jumped 1.2 percent and drove the increase. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, went up 0.8 percent, the highest gain since July and rebounding from a 0.9 percent fall in December. Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2019, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014.
Durable Goods Orders in the United States is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders in the United States to stand at 2.50 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 2.40 percent in 2020, according to our econometric models.