The U.S. Census Bureau reported new orders for manufactured durable goods increased $2.0 billion, or 0.8% to $262.1 billion in September. Durable goods orders have now seen an increase in three of the last four months, including a 4.6% gain in August.
The forecasts ranged from -3.0% to 1.8% for September, and the median forecast was calling for -1.5%.
Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 0.6%. Transportation equipment, also up three of the last four months, led the increase, $1.8 billion or 1.9% to $97.4 billion.