U.S. Durable Goods Orders Rebound in October

In October, durable goods orders in the United States increased slightly, recovering some of the losses from previous months. According to the U.S. Census Bureau's announcement today, new orders for durable goods rose by $0.7 billion or 0.2% to $286.6 billion, following two consecutive months of decline. This increase came after a 0.4% decrease in September.

Excluding transportation, new orders increased by 0.1%. New orders, excluding defense, rose by 0.4%. Transportation equipment also saw an increase, with new orders rising by $0.4 billion or 0.5% to $97.1 billion after two months of decline.

Shipments of durable goods decreased for the third consecutive month in October, falling by $1.6 billion or 0.6% to $285.2 billion, following a 0.8% drop in September. Transportation equipment shipments also declined for three consecutive months, decreasing by $1.9 billion or 2.1% to $92.0 billion.

In October, new orders for capital goods excluding defense rose by $1.2 billion or 1.4% to $86.2 billion. Shipments decreased by $1.6 billion or 1.9% to $83.0 billion. Unfilled orders increased by $3.2 billion or 0.4% to $843.5 billion. Inventories fell by $1.1 billion or 0.5% to $230.6 billion.

In October, new orders for defense capital goods decreased by $0.7 billion or 4.0% to $17.3 billion. Shipments increased by $0.5 billion or 3.8% to $14.9 billion. Unfilled orders rose by $2.5 billion or 1.2% to $211.3 billion, while inventories increased by $0.4 billion or 1.5% to $26.0 billion.