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US orders for durable goods unexpectedly down in Sept

by ChemOrbis Editorial Team -
  • 30/10/2014 (13:13)
New orders from durable goods unexpectedly decreased for a second consecutive month in September in the US, according to data from the US Commerce Department. The decrease was attributed to weaker demand for machinery and computers.

September orders for goods meant to last at least three years were down 1.3% to reach $241.63 billion after posting a decrease of 18.3% in August. Initial forecasts called for a 0.5% increase in total durable goods orders in a survey by Bloomberg. Durable goods orders excluding transportation equipment, which is often volatile, were down 0.2% in September.

Meanwhile, demand for computers and electronic equipment declined 2.5%, the biggest decrease in 2014, while bookings for machinery decreased 2.8%, the biggest drop since February 2013. In addition, orders for non-defense capital goods, except aircraft, were down 1.7% after posting a gain of 0.3% in August.
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