Durable Goods Orders Released On 10/28/2014 8:30:00 AM For Sep, 2014 Prior Prior Revised Consensus Consensus Range Actual New Orders - M/M change -18.2 % -18.3 % 0.9 % -0.5 % to 3.4 % -1.3 % Ex-transportation - M/M 0.7 % 0.7 % 0.5 % 0.2 % to 1.1 % -0.2 % Highlights Durables orders notably disappointed in September after August's decline after a July surge. The core was soft in September but volatile (as usual) in recent months. New factory orders for durables decreased 1.3 percent in September after dropping 18.3 percent in August and spiking 22.5 percent in July. Analysts projected a 0.9 percent rise for September. Transportation dipped 3.7 percent after falling a monthly 42.4 percent in August.
Excluding transportation, durables orders slipped 0.2 percent, following a rebound of 0.7 percent in August. Expectations were for a 0.5 percent gain.
The latest durables report suggests softening in the manufacturing sector. The usual caveat still applies-durables orders are very volatile on a monthly basis.
Monthly fluctuations in durable goods orders are frequent and large and skew the underlying trend in the data. In fact, even the yearly change must be viewed carefully because of the volatility in this series. Data Source: Haver Analytics