Market Updates
U.S. Durable Goods Orders Advanced In August
Brian Turner
27 Sep, 2023
New York City
New orders for manufactured durable goods orders increased 0.2% in August from the previous month to $284.7 billion, the U.S. Census Bureau reported Wednesday.
New orders from a year ago advanced 4.2% and July orders were upwardly revised to a decline of 5.6%
Excluding transportation, new orders increased 0.4% and excluding defense, orders declined 0.7%.
Critically watched as a barometer for business spending, new orders for capital goods excluding defense and aircraft orders rose 0.9%, reversing a 0.4% decline in July.
Shipments for manufactured durable goods orders increased 0.5% in August to $284.6 billion, and shipments increased in three of the last four months.
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