US durable goods orders rise in September
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data from the US Commerce Department, durable goods orders in the US surged by 2.2% on a monthly basis after a revised increase of 1.7% in August, defying the economists’ expectations for an increase of 1.0%.
The increase in durable goods orders in September was driven by transportation orders which rose 5.1% following a slight increase of 0.2% in the previous month. Orders for non-defense aircraft and parts also rose by 1.3% in September.
Excluding orders for transportation, durable goods orders were up slightly by 0.7%, ahead of estimations calling for a 0.5% rise.
The data showed that non-defense capital goods also rose by 1.3% in September from an increase of 0.9% in the previous month.
The increase in durable goods orders in September was driven by transportation orders which rose 5.1% following a slight increase of 0.2% in the previous month. Orders for non-defense aircraft and parts also rose by 1.3% in September.
Excluding orders for transportation, durable goods orders were up slightly by 0.7%, ahead of estimations calling for a 0.5% rise.
The data showed that non-defense capital goods also rose by 1.3% in September from an increase of 0.9% in the previous month.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Firming in China PE market stronger than PP since mid-June
- Asian ethylene, propylene falter on bearish crude and oversupply
- Oil plunge weighs on PET bottle sentiment in Asia, Europe
- ABS reverses losses after 8 weeks in Asia; will upturn be sustainable?
- Import delays support European PP suppliers in July
- Asian PET markets in limbo between high costs and tepid demand
- India PVC sentiment improves further despite lower Aug offers from Taiwan
- Asian ethylene, propylene prices remain bullish but caution lingers
- African PP, PE markets offer mixed bag for July
- European PVC suppliers seek hikes for 14th straight month in July
