WASHINGTON — Durable goods orders rose 1.0% in September, in line with economists’ estimates, the Commerce Department reported yesterday.
New orders for durable goods excluding transportation rose 0.9%, gaining for the fourth time in five months, following a 0.4% decline in August.
Economists expected durable goods orders to rise 1.0% in the month and orders excluding transportation to rise 0.7%, according to Thomson Reuters.
The decline in new orders in August was revised to a 2.6% drop from the 2.4% loss initially reported. Orders excluding transportation were revised to a 0.4% dip from the unchanged level originally reported.
Orders for capital goods excluding aircraft rose 2.0%, the first increase since June, following a 0.8% decrease in August. Shipments of capital goods excluding aircraft declined 0.2% and unfilled orders rose 0.3%.
Orders for machinery goods jumped 7.9% in September, the largest monthly increase since March 2008. Orders for military capital goods climbed 10%.