Durable Goods Orders Rose 4.7% in September

Washington, DC, October 26, 2023-New orders for manufactured durable goods in September, up following two consecutive monthly decreases, increased $13.2 billion or 4.7% to $297.2 billion, the U.S. Census Bureau announced. This followed a 0.1% August decrease. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders increased 5.8%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $12.3 billion or 12.7% to $109.2 billion.

Shipments of manufactured durable goods in September, down two of the last three months, decreased $0.8 billion or 0.3% to $283.7 billion. This followed a 0.5% August increase. Transportation equipment, down three of the last four months, drove the decrease, $1.0 billion or 1.1% to $91.4 billion.

Unfilled orders for manufactured durable goods in September, up nine of the last ten months, increased $18.5 billion or 1.4% to $1,353.8 billion. This followed a 0.3% August increase. Transportation equipment, also up nine of the last ten months, led the increase, $17.8 billion or 2.1% to $855.7 billion.

Inventories of manufactured durable goods in September, up two consecutive months, increased $0.5 billion or 0.1% to $523.7 billion. This followed a 0.2% August increase. Machinery, up thirty- four of the last thirty-five months, led the increase, $0.3 billion or 0.3% to $95.1 billion.