The U.S. Census Bureau reported that new orders for manufactured durable goods rose 1.8% in September to $345.4 billion. The $6.3 billion increase followed a revised 0.1% gain in August and marked the sixth monthly increase in the past seven months.
Transportation equipment led the increase, rising $5.2 billion, or 4.6%, to $119.8 billion. Orders excluding transportation still increased 0.5%, while orders excluding defense rose 2.2%, showing that the headline gain was not solely a defense-related result.
The figures come from the Census Bureau's advance monthly report and measure orders received rather than completed production or sales. They are a timely indicator of manufacturing demand, but they can be revised when fuller data become available.
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