New orders for US manufactured durable goods edged up 0.5 percent month-over-month in March of 2021, well below market forecasts of a 2.5 percent increase as supply shortage impacted production again. In February, the orders fell 0.9 percent, the first monthly decline in almost a year as supply-chain issues due to winter storms in Texas and other southern states constrained production and delayed some shipments. Fabricated metal products were up 3.6 percent and contributed the most to growth. Meanwhile, orders for transport equipment sank 1.7 percent, namely nondefense aircraft and parts (-46.9 percent) while those for motor vehicles were up 5.5 percent. Excluding transportation, new orders increased 1.6 percent and excluding defense 0.5 percent. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, went up 0.9 percent, reversing a 0.8 percent loss in February, but less than forecasts of 1.5 percent. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.34 percent from 1992 until 2021, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Durable Goods Orders - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Durable Goods Orders in the United States is expected to be 2.00 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 0.30 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2022, according to our econometric models.