Advance: U.S. Durable Goods Orders Fall 0.8% for 2nd Straight Month - Modern Distribution Management

Advance: U.S. Durable Goods Orders Fall 0.8% for 2nd Straight Month

Orders rose 0.4% when excluding aircraft and autos.
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U.S monthly manufactured durable goods orders decreased $2.2 billion or 0.8% in September from August, according to an advance report from the U.S. Census Bureau.

Released Oct. 25, the report showed that September orders decreased to a total of $284.8 billion. This follows a 0.8% decrease in August.

Year-over-year, total durable goods orders decreased 0.8%.

The September decrease was driven by transportation equipment— down three of the last four months — which was down 3.3% vs August. Excluding transportation, new orders increased 0.4% compared to August. Excluding defense, new orders decreased 1.1%.

Capital goods orders decreased 2.8% month-to-month.

Shipment of manufactured durable goods decreased 0.6% in September vs August, following a 0.5% decrease.

September’s unfilled orders for durable goods decreased 1.3%, following a 0.4% increase in August. This followed a 0.2% in July.

September’s inventories of durable goods increased 0.2% following a 0.1% increase in August.

U.S. Durable Goods September 2024

The Bureau will issue its final report for September durable goods orders on Nov. 4.

Here is how monthly new orders and shipments of different durable goods product categories fared in September, seasonally adjusted, according to the Census Bureau’s advance data:

Primary Metals

  • Shipments: +1.1%%
  • New Orders: +0.5%

Fabricated Metal Products

  • Shipments: 0.0%
  • New Orders: +2.1%

Machinery

  • Shipments: 0.0%
  • New Orders: -0.2%

Computers and Electronic Products

  • Shipments: +0.4%
  • New Orders: –0.3%

Electrical Equipment, Appliances and Components

  • Shipments: +0.9%
  • New Orders: 0.0%

Transportation Equipment

  • Shipments: -2.4%
  • New Orders: -3.1%

All Other Durable Goods

  • Shipments: 0.0%
  • New Orders: +0.2%

Capital Goods

  • Shipments: -3.2%
  • New Orders: -2.8%

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