US: Durable Goods Orders Rise by 1.9% in September

Durable Goods Orders in the United States expanded by 19% on a monthly basis in September. The reading was well above the 0.5% rise anticipated and the 0.4% growth recorded in the previous month.

Excluding transportation, new orders increased by 0.8% as against 0.4% anticipated, and the previous month’s upwardly revised 1% increase. Excluding defense, new orders jumped 3.4%.