Durable goods orders in the US which measure the cost of orders received by manufacturers of goods meant to last at least three years, dropped 1% month-over-month in February of 2023, following an upwardly revised 5% plunge in January and compared to market forecasts of a 0.6% increase. Transportation equipment was the biggest drag, down 2.8%, namely nondefense aircraft and parts (-6.6%), defense aircraft and parts (-11.1%) while those for motor vehicles and parts went down 0.9%. Excluding transportation, new orders were virtually unchanged. Orders were also down for capital goods (-2.2%), namely nondefense ones (-1.2%), machinery (-0.5%) and computers and electronic products (-0.1%) but rose for fabricated metal products (0.4%) and primary metals (0.3%). Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.2%, after a 0.3% rise in January. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.35 percent from 1992 until 2023, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19.00 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. United States Durable Goods Orders - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Durable Goods Orders in the United States is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.