by Mike ‘Mish’ Shedlock
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 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.