Durable Goods Orders Grew 2.2% in September

Durable Goods Orders Grew 2.2% in September”

New orders for durable goods - products created to last at least three years, like dishwashers and aircraft - rose a seasonally adjusted 2.2% in September from a month earlier, the Commerce Department said Wednesday. Core orders were predicted to advance by 0.5%, exactly as in the previous month.

In other categories, new orders for fabricated metal products rose 1.7% to $33.3 billion; orders for machinery declined 0.2% to $31.8 billion; and orders for primary metals fell 0.1% to $19.9 billion. With the gain, durables goods order have been up 3 of the last 4 months, including a 2.0% increase in August. Excluding the transportation segment, orders rose 0.7% in September. In the capital goods category, the volatile non-defense aircraft orders led the rise, growing 31.5 percent, which is the second strongly monthly rise after the outsized drop seen in July 2017. New orders are up 5.2% in the first nine months of this year compared with the same period in 2016. Transportation equipment, up two of the last three months, led the increase, $1.1 billion or 1.4% to $79.7 billion. This followed a virtually unchanged August decrease.

Nondefense new orders for capital goods in September increased $4.3 billion or 6.1% to $74.9 billion.

Also in the transportation category, new orders for motorized vehicles and parts gained 0.1% to $54.645 billion from an adjusted $54.608 billion in August. Shipments increased $1.7 billion or 2.4% to $73.5 billion. Shipments increased $0.2 billion or 1.7% to $10.6 billion.

Like this


25 October 2017
Justin Bieber and Selena Gomez Reunite at Her House
Sources claim that Bieber and Gomez arrived together at the former's L.A. home recently and spent time together until midnight. However, the fan hard has not been able to get in touch with him.

25 October 2017
Dustin Pedroia to miss start of 2018 season after knee surgery
Eduardo Nunez, who provided a big boost for the Red Sox after they acquired him in a July trade with the Giants, is a free agent. So he'll likely miss the first month of the 2018 season and return at some point in May if all goes well.

25 October 2017
Arsene Wenger explains why Mesut Ozil was so impressive against Everton
"That is normal because that is football". "He was a successful player in France, and the two of us work well together". According to Opta, over that span, no other Premier League player has managed more.

25 October 2017
Gold Star Widow Myeshia Johnson Speaks Out About Trump's Condolence Call
She continued to assail Trump, and he fired off insulting tweets, calling her " wacky " and accusing her of secretly listening. Trump quickly responded on Twitter that he'd been "very respectful" and spoke the name "without hesitation".

25 October 2017
Military option must remain on the table with North Korea: Johnson
Under terms of the landmark accord, Tehran agreed to curtail its nuclear activities in exchange for relief from global sanctions. There are no grounds for curtailing cooperation with Iran on the nuclear issue, said the statement.

25 October 2017
Key Republican Opens Door to 401 (k) Change Despite Trump Tweet
The tax bill, he said, is "driving the train" and that political reality is that spending cuts will have to wait. The amount workers can contribute to a 401 (k) rises to $18,500 next year, up from $18,000 in 2017.

25 October 2017
Bank of Canada Holds Rate Steady, Urges Caution: Key Takeaways
The bank said the economy is operating close to its potential but noted that there is still slack remaining in the labor market. The Bank of Canada on Wednesday postponed a hike in its trend-setting interest rate following two rate hikes since July.

25 October 2017
Tamar Braxton files for divorce from husband Vincent Herbert
The divorce filing follows several headline making incidents, including a domestic dispute in August, 2016 in an Atlanta hotel. Braxton's rep later told TMZ the singer made an "extremely hard decision" in filing for divorce.

25 October 2017
Namibia rejects violating United Nations resolution on North Korea
The UN responded to the test by imposing fresh sanctions on the rogue state. They're pressuring us on all fronts with sanctions.

25 October 2017
New Home Sales Jumped 18.9% in September, Ten-Year High
More than two-thirds of the new homes sold last month were either under construction or yet to be started. Housing is expected to have been a drag on economic growth in the third quarter.