US durable goods orders in the United States experienced a slight decline of 0.8% month-over-month in September, amounting to USD 284.8 billion. Although this figure was slightly better than the expected decline of 0.9% month-over-month, it is important to note that transportation equipment played a significant role in this decrease. Specifically, transportation equipment saw a 3.1% month-over-month decline, totaling USD 95.4 billion. This marks the third decrease in the last four months for both durable goods orders and transportation equipment.
On a more positive note, excluding transportation orders, there was actually an increase of 0.4% month-over-month in September, reaching USD 189.3 billion. This result exceeded expectations, as analysts had predicted a decline of 0.1% month-over-month. However, when looking at orders excluding defense, there was a decline of 1.1% month-over-month, totaling USD 264.9 billion.
This data reflects the ongoing fluctuations in the US manufacturing sector and the broader economy. While there was an overall decline in durable goods orders, the increase in orders excluding transportation equipment provides some optimism. It will be important to monitor these trends in the coming months to assess the overall health of the manufacturing industry and its impact on the economy as a whole.
