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GM Auto Strike Takes Toll on Durable Goods Orders for September

Durable Goods Orders Revised Higher to $251 Billion for August

New manufactured durable goods orders fell $2.8 billion or 1.1% to $248.2 in September, a largely expected decline partially the result of the strike. However, the decrease for September follows three consecutive increases.

Forecasts ranged from a low of -3.3% to a high of 2.0%. The consensus forecast was -0.7%.

Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders fell 1.2%. Transportation equipment, also down after three consecutive monthly increases, led the decline falling $2.3 billion or 2.7% to $84.5 billion.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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