Durable goods orders in the US which measure the cost of orders received by manufacturers for goods that meant to last at least three years, jumped 1% month-over-month in October of 2022, following a downwardly revised 0.3% increase in September and beating market forecasts of a 0.4% rise. It is the biggest rise in four months, led by transportation equipment (2.1%) and military aircraft (21.7%). The data aren’t adjusted for inflation. Excluding transportation, new orders edged 0.5% higher. Other increases were also seen for electrical equipment and appliances (0.4%); machinery (1.5%); capital goods (2.1%); and computers and related (4.7%). Meanwhile, orders for non-defense capital goods excluding aircraft, a proxy for investment in equipment, were up 0.7%, rebounding from a 0.8% drop in September and beating forecasts of a flat reading. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.36 percent from 1992 until 2022, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19.00 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 December of 2022.
Durable Goods Orders in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Durable Goods Orders is projected to trend around 0.20 percent in 2023 and 0.30 percent in 2024, according to our econometric models.