New orders for US manufactured durable goods dropped 2 percent from a month earlier in November 2019, following a meager 0.2 percent growth in October and missing market expectations of a 1.5 percent increase. Demand for transportation equipment led the fall, while declines were also seen in orders for machinery and primary metals.
Durable Goods Orders in the United States averaged 0.31 percent from 1992 until 2019, reaching an all time high of 23.20 percent in July of 2014 and a record low of -18.40 percent in August of 2014. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Durable Goods Orders in the United States is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders in the United States to stand at 0.20 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2020, according to our econometric models.