US Durable Goods Orders Surge 1.8% in September, Driven by Transportation Equipment

U.S. manufactured durable goods orders increased by 1.8% month-over-month in September to reach $345.4 billion, exceeding economist projections. The total order value rose by $6.3 billion, marking growth in six of the past seven months. Strength was primarily concentrated in transportation equipment, which surged 4.6% alongside a 28.4% jump in nondefense aircraft orders. Excluding transportation, durable goods orders grew 0.5%, slightly below the 0.6% consensus estimate. Meanwhile, nondefense capital goods orders excluding aircraft slowed to a 0.5% advance, while core shipments climbed to 1.2%.