September Durable Goods Orders Dip 0.1% but August Revised Up By 0.3%

by Mike ‘Mish’ Shedlock
Mish Talk

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.

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