US Durable Goods Orders Increased Again in September, After Cooling off in August
Skerdian Meta • 1 min read
Durable goods orders in the US posted some major declines during March and April, when the country was in lockdown, but they surged higher from May until July. In August, orders cooled off considerably, posting a steep decline from 11.2% to 0.5%.
That raised some eyebrows, suggesting that the US economy might be cooling off, but goods orders increased again in September, with headline sales increasing to 1.9% and core sales to 0.8% from 0.4%. This is a positive signal for the US economy and the US Dollar in the coming month, because the USD didn’t react to this news.
- Prior was +0.5% (revised to +0.4%)
- Durables ex transportation +0.8% vs +0.4% expected
- Prior ex transportation +0.6% (revised to +1.0%)
- Capital goods orders non-defense ex-air +1.0% vs +0.5% expected
- Prior capital goods orders non-defense ex-air +1.9% (revised to +2.1%)
- Capital goods shipments non-defense ex-air +0.3% vs +0.4% expected
- Prior capital goods shipments non-defense ex-air +1.0%