US Durable Goods Orders Exceed Expectations in September, Driven by Transportation

• US durable goods orders rose 1.8% in September.
• Figure exceeded market expectations, driven by transportation equipment.
• Report had minimal market impact on currency markets.

New orders for manufactured durable goods in the United States increased by 1.8% in September, reaching $345.4 billion. This rise followed a revised figure for August (reported as either a 0.1% decline or flat) and surpassed various market expectations, which ranged from 0.6% to 1.7%. The increase was largely driven by a 4.6% surge in transportation equipment orders. Excluding transportation, new orders rose by 0.5%, while excluding defense, they increased by 2.2%. Despite the stronger-than-expected headline figure, the report did not trigger a significant market reaction.