The U.S. Census Bureau has released its monthly advance report on durable goods manufacturers’ shipments, inventories, and orders.
New orders for manufactured durable goods in September, down three of the last four months, decreased $2.2 billion or 0.8 percent to $284.8 billion, the U.S. Census Bureau announced today. This followed a 0.8 percent August decrease.
Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders decreased 1.1 percent.
Transportation equipment, also down three of the last four months, drove the decrease, $3.1 billion or 3.1 percent to $95.4 billion. Orders for commercial planes plummeted by 23% in September after a 20% decline in August. This decrease is attributed to the strike by Boeing that began in mid-September.
Read the full report here.
Tagged with durable goods, economy