Durable Goods Orders Revised Higher to $251 Billion for August
New manufactured durable goods orders fell $2.8 billion or 1.1% to $248.2 in September, a largely expected decline partially the result of the strike. However, the decrease for September follows three consecutive increases.
Forecasts ranged from a low of -3.3% to a high of 2.0%. The consensus forecast was -0.7%.
Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders fell 1.2%. Transportation equipment, also down after three consecutive monthly increases, led the decline falling $2.3 billion or 2.7% to $84.5 billion.
