US Durable Goods Orders Rise 1.8% to $345.4 Billion in September
New orders for manufactured durable goods climbed $6.3 billion in September, marking gains in six of the past seven months.
New orders for manufactured durable goods increased $6.3 billion, or 1.8 percent, to reach $345.4 billion in September, the U.S. Census Bureau reported, continuing a broadly positive trend that has seen demand rise in six of the last seven months.
The September gain follows a revised 0.1 percent uptick recorded in August, suggesting momentum in the manufacturing sector has strengthened heading into the final quarter of the year. Durable goods — products designed to last three or more years, such as machinery, aircraft, and appliances — are widely watched as a leading indicator of industrial investment and broader economic activity.
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The sustained run of increases over a seven-month span points to resilient business investment demand, even as manufacturers have navigated elevated borrowing costs and shifting supply-chain conditions. Analysts typically regard consecutive monthly gains in this series as a signal that capital spending intentions remain intact across key industrial sectors.
The advance estimate is subject to revision as more complete data become available, as illustrated by the August figure being revised to reflect a smaller gain than initially reported. The Census Bureau releases final figures on a rolling basis in subsequent monthly reports.
Continue reading at U.S. Census Bureau Economic Briefing Room.
