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US durable goods orders rose in August, following an upwardly revised 0.5% increase from -0.1% in July. Business spending remained positive with the 0.5% increase in nondefense capital goods orders excluding aircraft.

Durable Goods 

Total durable goods orders rose 1.8% month-over-month in August (consensus +0.6%).

August Durable Goods Orders Highlights

  • Total durable goods orders up 1.8% (consensus +0.6%) prior upwardly revised 0.5% increase from -0.1% in July.
  • Excluding transportation, orders were up 0.2% (consensus +0.6%) prior upwardly revised 0.8% increase from 0.7% in July.
  • Key Increases: Orders for transportation equipment led by a Nondefense aircraft and parts (77.9%), capital goods (6.7%), transportation (5.5%) after dipping 0.4% in July and manufacturing (3.3%).
  • Key Decreases: Orders for defense aircraft and parts dropped 17.8% and defense capital goods went down 8.3%.
  • Orders for primary metals declined 1.5% after increasing 1.7% in July.
  • Orders for machinery declined 1.2% after increasing 3.0% in July.
  • Orders for fabricated metal products rose 2.0% after increasing 0.9% in July.
  • Shipments of nondefense capital goods, excluding aircraft, which factor into GDP forecasts, increased 0.7% after increasing 0.9% in July.

New orders for US durable goods surged 1.8% mom in August of 2021, following an upwardly revised 0.5% rise in July, and beating market forecasts of a 0.7% increase.

United States Durable Goods Orders

Durable Goods Orders Excluding Transportation in the United States edged up 0.20% mom in August of 2021, below market forecasts of 0.8%.

 United States Durable Goods Orders Ex Transportation

Durable Goods Orders Excluding Defense in the United States increased 2.40% mom in August of 2021

United States Durable Goods Orders Ex Defense

 

From The TradersCommunity NewsDesk

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