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Durable goods fall again in September

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Durable goods fall again in September

Transportation orders lead the drop again.

New orders for manufactured durable goods in September decreased 1.3% to $241.63 billion in September, the U.S. Census Bureau announced today. This decrease, the second consecutive, followed an 18.3% decrease in August.

Transportation equipment, also down for the second consecutive month, drove the decrease, $2.8 billion or 3.7% to $73.4 billion.

Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 1.5%.

Shipments of manufactured durable goods in September, up three of the last four months, increased $0.1 billion or 0.1% to $245.6 billion. This followed a 1.8% August decrease.

Unfilled orders for manufactured durable goods in September, up seventeen of the last eighteen months, increased $3.8 billion or 0.3% to $1,168.7 billion.  This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6% August increase.

Transportation equipment, up twelve of the last thirteen months, led the increase, $1.0 billion or 0.1% to $742.7 billion.

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