US Durable Goods Orders Soared In September By Most In Over 3 Years

After two straight months of declines, preliminary durables goods orders for September soared 4.7% MoM (far higher than the 1.8% expected), liftinbg orders by 6.0% YoY…

Source: Bloomberg

That is the biggest MoM jump since July 2020.

Orders ex-transports rose just 0.5% MoM and ex-defense soared 5.8% MoM.

Defense spending tumbled 14.4% MoM but non-defense aircraft spending soared 92.5% MoM…

Source: Bloomberg

Finally, as a reminder, this data is all nominal – i.e not adjusted for inflation.