US Durable Goods Orders Rise 1.8% in September

New orders for durable goods in the United States increased by 1.8% in September, reaching $345.4 billion. According to a report released by the US Census Bureau on Tuesday, the figure exceeded market expectations.

The indicator recorded its sixth increase in the past seven months, following a modest 0.1% rise in August.

Orders for transportation equipment climbed 4.6%, an increase of $5.2 billion, bringing the total to $119.8 billion. Meanwhile, orders excluding transportation equipment rose 0.5%, while orders excluding defense increased by 2.2%