Orders for Durable Goods Rose 0.2% in October

Washington, DC, November 27, 2024-New orders for manufactured durable goods in October, up following two consecutive monthly decreases, increased $0.7 billion or 0.2% to $286.6 billion, the U.S. Census Bureau announced. This followed a 0.4% September decrease. Excluding transportation, new orders increased 0.1%. Excluding defense, new orders increased 0.4%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.4 billion or 0.5% to $97.1 billion.

Shipments of manufactured durable goods in October, down three consecutive months, decreased $1.6 billion or 0.6% to $285.2 billion. This followed a 0.8% September decrease. Transportation equipment, also down three consecutive months, drove the decrease, $1.9 billion or 2.1% to $92.0 billion.

Unfilled orders for manufactured durable goods in October, up fifty of the last fifty-one months, increased $6.1 billion or 0.4% to $1,398.8 billion. This followed a 0.3% September increase. Transportation equipment, up forty-five of the last forty-six months, led the increase, $5.1 billion or 0.6% to $901.9 billion.