Economy
October 27, 2016
Durable Goods Orders Dip 0.1% in September
Written by Sandy Williams
Orders for durable goods declined 0.1 percent in September after August orders were revised to a 0.3 percent increase. Economists had expected an increase in orders of between 0.1 and 0.2 percent. Volatility in the transportation equipment sector continued with orders decreasing 0.8 percent after two consecutive monthly increases. Excluding transportation, new orders were up 0.2 percent; excluding defense, orders were up 0.7 percent. Orders for core capital goods, a proxy for business investment, fell 1.2 percent in September. The report from the Commerce Department follows:
New Orders
New orders for manufactured durable goods in September decreased $0.3 billion or 0.1 percent to $227.3 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 0.3 percent August increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 0.7 percent.
