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Wednesday, December 12, 2018
HomeNewsEconomyDurable Goods Orders September Rise Moderately in September

Durable Goods Orders September Rise Moderately in September

A Boeing worker is pictured in the wing system installation area at their factory in Renton, Washington, U.S., February 13, 2017. (Photo: Reuters)
A Boeing worker is pictured in the wing system installation area at their factory in Renton, Washington, U.S., February 13, 2017. (Photo: Reuters)

A Boeing worker is pictured in the wing system installation area at their factory in Renton, Washington, U.S., February 13, 2017. (Photo: Reuters)

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.

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