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Market Update : 
U.S. Durable Goods Orders Drop in September
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:08 AM EDT October 27 2005



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Broadly-based, the decline reflected a sharp drop in aircraft orders. Analysts were hoping for orders to fall 1.1% in September. Durable orders in August were revised up 3.8% from 3.4% previously anticipated. Shipments of durable goods rose 0.1% in September after a 2.3% advance in August. Orders for core capital goods equipment shed 1.2% in September.

 
The following is the unedited transcript of the news release from the Department of Commerce.

New Orders

New orders for manufactured durable goods in September decreased $4.4 billion or 2.1 percent to $207.0 billion, the U.S. Census Bureau announced today. This followed a 3.8 percent August increase.

Shipments

Shipments of manufactured durable goods in September, up four of the last five months, increased $0.2 billion or 0.1 percent to $209.9 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.3 percent August increase.

Unfilled Orders

Unfilled orders for manufactured durable goods in September, up five consecutive months, increased $4.3 billion or 0.7 percent to $594.3 billion. This was at the highest level since the series began and followed a 1.6 percent August increase.

Inventories

Inventories of manufactured durable goods in September, down three of the last four months, decreased $0.3 billion or 0.1 percent to $281.9 billion. This followed a 0.2 percent August decrease.

Capital Goods Industries

Nondefense

Nondefense new orders for capital goods in September decreased $6.0 billion or 8.1 percent to $67.8 billion.

Defense

Defense new orders for capital goods in September decreased 0.4 percent to $6.9 billion.


Available at: http://www.census.gov/m3
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