US durable goods orders surge up 3.7% in Sept, led by transportation

25 October 2013 17:08  [Source: ICIS news]

HOUSTON (ICIS)--Transportation items drove new orders for manufactured durable goods in the US up 3.7% in September, the Census Bureau announced on Friday.

The increase, the fifth such rise in the last six months, followed a 0.2% increase in August.

Some $233.4bn (€168.0bn) in durable goods were ordered in September, an increase of $8.2bn.

Transportation equipment was up 12.3% to $77.0bn from $68.6bn. Nondefense aircraft and parts led the way with a jump of $6.9bn.

Shipments of durable goods also increased last month, rising 0.2% to $231.8bn from $231.3bn. That is the highest level since 1992, the Census Bureau said.

With transportation numbers backed out of the September figures, new orders for durable goods decreased 0.1%.

Durable goods are manufactured products meant to last three years or more and include such items as automobiles, appliances, transportation and manufacturing equipment.

Many durable goods, such as computers and automobiles, are major downstream markets for chemicals, resins and derivatives used in manufacturing processes or as end-product components.

($1 = €0.72)

By: Jeremy Pafford
+1 713 525 2653

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