Economy
September 26, 2015
Durable Goods Shipments, Inventories and Orders
Written by Peter Wright
New orders for durable goods in August declined by 2.0 percent month on month to $236.322 billion. This result was in line with analyst’s expectations and was a result of a decline in transportation orders, mainly civil aircraft. Orders excluding transportation were unchanged. The three month moving average (3MMA) rose by 1.3 percent. The 3MMA has been trailing its trend for the last eight months (Figure 1).
