FXstreet.com (Barcelona) - Orders for durable goods have shrunken unexpectedly in September weighed by weaker than expected orders for military suppliers, according to data by the Commerce Department.
Durable goods orders have decreased by 1. to $214.53 billion in seasonally adjusted terms, following a 5.3% decrease last month, which has been revised from the initial 4.9% estimation.
September's decline has been unexpected, as market analysts had advanced a 1.5% rise instead. The reasons for such weak numbers are, first the 6.3% fall in transportation orders, despite the 18.2% increase on demand for commercial planes, and secondly, the 37.3% decrease in demand for military aircraft.
Nevertheless, orders for non defence capital goods excluding aircraft increased 0.4% and shipments rose 1.0%.