New orders for US manufactured durable goods increased 1.3 percent month-over-month in October of 2020, easing from an upwardly revised 2.1 percent rise in September and above market expectations of 0.9 percent. It is the sixth consecutive gain in durable goods orders. Excluding transportation, new orders rose 1.3 percent and excluding defense, new orders went up 0.2 percent. Orders slowed for transportation equipment (1.2 percent vs 3.3 percent) and capital goods (2.7percent vs 5.7 percent ) and computers and electronics (0.6 percent vs 1.2 percent). Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.7 percent, following a 1.9 percent rise in September. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.32 percent from 1992 until 2020, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Durable Goods Orders - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Durable Goods Orders in the United States is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders in the United States to stand at 3.70 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2021, according to our econometric models.