Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods jumped up 3.3 percent (nonannualized) in September, following a 1.0 percent decrease in August. The overall pattern for headline durables goods over the last five months or so has been largely dictated by volatility in aircraft orders. Excluding transportation, new orders slipped down 0.8 percent in September, helping to pull its 6-month annualized percent change down to −0.7 percent after 12 months with a double-digit 6-month growth rate. New orders for nondefense capital goods excluding aircraft edged lower during the month (−0.6 percent) after a 4.8 percent gain in August, leaving its near-term (3-month annualized) trend at −5.4 percent, though the series is still up 13.9 percent on a year-over-year basis. Shipments of durables, which are up 6.2 percent over the past year, fell 0.4 percent in September. Inventories, however, continued to expand, rising 0.5 percent in September, its ninth consecutive increase.