Durable Goods Orders Declined 5.4% in October

Washington, DC, November 22, 2023-New orders for manufactured durable goods in October, down three of the last four months, decreased $16.0 billion or 5.4% to $279.4 billion, the U.S. Census Bureau announced.

This followed a 4.0% September increase.

Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders decreased 6.7%. Transportation equipment, also down three of the last four months, drove the decrease, $16.0 billion or 14.8 percent to $92.1 billion.