Posted November 22, 2023

October durable goods orders drop 5.4%

New orders for manufactured durable goods in October, down three of the last four months, decreased $16.0 billion or 5.4% to $279.4 billion, the U.S. Census Bureau announced on November 22.

This followed a 4% September increase.

Excluding transportation, new orders were virtually unchanged.

Excluding defense, new orders decreased 6.7%. Transportation equipment, also down three of the last four months, drove the decrease, $16.0 billion or 14.8% to $92.1 billion.

October '23 durable goods