US Durable Goods Orders Below Expectations in September – Last Minute Economy News

The US Department of Commerce has released durable goods orders veri for September.

As a result, durable goods orders fell 0.4 percent from the previous month in September to $ 274.7 billion.

Durable goods orders, which rose less than expected, are expected to rise by 0.6 percent over this period.

Durable Goods Orders increased 0.2% to $ 273.7 billion in August.

During the aforementioned period, orders for means of transport increased by 2.1 percent. While orders excluding transport fell 0.5% in September, orders excluding defense increased 1.4%.

Durable consumer goods orders, which consist of products with a shelf life of at least 3 years, are important for providing information on industrial production.