Home | Growth | Durable goods report for September disappoints

Durable goods report for September disappoints

By
Font size: Decrease font Enlarge font
Dikiiy / Shutterstock.com Dikiiy / Shutterstock.com

Seemingly another data point suggesting stagnation in US manufacturing.

New orders for manufactured durable goods in September increased $8.2 billion, or 3.7%, to

$233.4 billion, the U.S. Census Bureau announced today. However, when the volatile transportation segment is excluded, new orders actually decreased 0.1%, adding to concerns prompted by recent economic indicators that US manufacturing is facing a slowdown.

The news comes on the heels of recent jobs reports showing tepid, at best, job growth and yesterday’s US manufacturers Purchasing Managers Index showing stalled manufacturing growth.Orders for nondefense capital goods other than aircraft decreased 1.1% after falling 3.5% in July and rising a slight .4% in August, badly missing expectations of a September increase of a 1% increase.

The report data was accumulated prior to the October US government shutdown.

The news comes on the heels of recent jobs reports showing tepid, at best, job growth and yesterday’s US manufacturers Purchasing Managers Index showing stalled manufacturing growth.

It is expected that theses datapoints will influence members of the Federal Reserve as they meet early next week to determine the continuing level of monetary stimulus for the US economy.  The lackluster performance indicated in the reports will almost certainly delay any “tapering’ of such stimulus.

For the entire report, click here.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha