US Durable Goods Orders Fell in September After 4 Months of Increases

US Durable Goods Orders Fell in September After 4 Months of Increases
Shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle on March 21, 2019. Reuters/Lindsey Wasson
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

U.S. orders of durable goods—products designed to last at least three years—fell in September after four consecutive months of increases, driven by a sharp drop in transportation equipment orders.

New orders for U.S. manufactured durable goods in September declined $1 billion, or 0.4 percent, to $261.3 billion, the Commerce Department announced on Oct. 27. Consensus forecasts cited by FXStreet expected durable goods orders to fall 1.1 percent.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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