Courtesy of Mish.
US Commerce Department data shows Durable Goods Orders declined 0.1% in September from August.
The headline reading is a bit stronger than it looks because the commerce department revised August new orders from +0.0% to +0.3%.
New Orders
New orders for manufactured durable goods in September decreased $0.3 billion or 0.1 percent to $227.3 billion. This decrease followed a 0.3 percent August increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 0.7 percent.
Shipments
Shipments of manufactured durable goods in September, up three of the last four months, increased $2.0 billion or 0.8 percent to $234.5 billion.
Inventories
Inventories of manufactured durable goods in September, up three consecutive months, increased $0.5 billion or 0.1 percent to $384.0 billion. This followed a
0.1 percent August increase.
