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October Durable Goods New Orders +1.3%; Ex-Transport +1.3%

US DATA
MNI (Washington)
  • New orders of U.S. durable goods rose 1.3% in October, above expectations for a 0.9% gain, according to figures released Wednesday by the Commerce Department.
  • Shipments also rose 1.3%, while unfilled orders dropped 0.3%.
  • September new orders were revised up to a 2.0% m/m gain (prev +1.9%).
  • October's increase was mainly led by transportation orders, up five of the last six months according to the Commerce Department, which rose 1.2% last month. Orders of transportation equipment rose 3.3% in September.
  • Defense aircraft new orders were up 79.1% in October after falling 58.5% in September. Orders of nondefense aircraft orders rose 38.8%.
  • Meanwhile, motor vehicles and parts orders dropped 3.2% in October following a 1.1% gain in September.
  • Excluding transportation orders, durable goods orders were up 1.3%, far above expectations for a 0.5% increase.
  • Capital goods new orders rose 2.7% and shipments surged by 3.6%. Nondefense capital goods orders fell slightly by 0.2% while shipments were up 3.7%. Excluding aircraft, nondefense capital goods orders increased 0.7% in October. Shipments climbed by 2.3% following a 0.7% increase in September.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities

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