Durable Goods Orders Rose 0.6% in October
Washington, DC, November 27, 2019-New orders for manufactured durable goods in October increased $1.5 billion or 0.6% to $248.7 billion, the U.S. Census Bureau announced.
This increase, up four of the last five months, followed a 1.4% September decrease. Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 0.1%. Fabricated metal products, up two of the last three months, led the increase, $0.6 billion or 1.8% to $34.1 billion.
Shipments of manufactured durable goods in October, up following three consecutive monthly decreases, increased less than $0.1 billion or virtually unchanged to $251.6 billion. This followed a 0.7% September decrease. Machinery, up two of the last three months, drove the increase, $0.3 billion or 1.0% to $33.1 billion.