• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
Economy

Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October

by November 23, 2022
by November 23, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

New orders for durable goods rose 1.0 percent in October, following a 0.3 percent gain in September. Total durable-goods orders are up 11.5 percent from a year ago. The October increase puts the level of total durable-goods orders at $277.4 billion, the second highest on record (see top of first chart).

New orders for nondefense capital goods excluding aircraft, or core capital goods, a proxy for business equipment investment, rose 0.7 percent in October after decreasing 0.8 percent in September. Orders are up 7.9 percent from a year ago, with the level at $75.3 billion.

However, price increases have had an impact on capital goods orders. In real terms, after adjusting for inflation, real new orders for durable goods increased by 0.8 percent in October, following a 0.1 percent gain in September. Real new orders for nondefense capital goods – one of AIERs leading indicators – gained 1.2 percent after a 3.4 percent jump in September (see bottom of first chart). Real new orders for capital goods are up 7.5 percent from a year ago but remain below the January 2022 level.

All but one of the seven major categories shown in the durable-goods report posted a gain in October in nominal terms. Transportation equipment jumped 2.1 percent, its third consecutive gain (see second chart). Within the transportation equipment category, nondefense aircraft rose 7.4 percent following a 23.4 percent surge in September, defense aircraft jumped 21.7 percent following a 32.6 percent drop, and motor vehicles and parts were up 0.6 percent following a 2.4 percent gain in September.

Among the other individual categories, machinery orders gained 1.5 percent, electrical equipment and appliances, and computers and electronic products had 0.4 percent increases, the all other durables category rose 0.2 percent, and fabricated metals orders added 0.1 percent. The primary metals orders category was the lone decliner, falling 0.1 percent. Durable-goods orders have posted a strong recovery from the lockdown recession measured in nominal dollars. However, after adjusting for price increases, real orders for durable goods are rising at a more modest trend growth rate in recent months.

You Might Also Like
  • Harris’ favorability sees dramatic spike after Biden drops out: poll
  • Yes, an Academic Free-Speech Conference Needed Protection from the Mob
  • North Dakota House passes bill banning virtually all abortions after 6 weeks
  • House GOP majority officially whittles down to 3 seats after McCarthy resignation
Share
0
FacebookTwitterPinterestWhatsapp

previous post
New Home Sales Rose in October, But the Outlook Remains Cautious
next post
Should you buy Deere stock after its upbeat guidance for 2023?

You may also like

Alan Dershowitz leaves Democratic Party, cites DNC: ‘I was disgusted’

September 7, 2024

Vance’s office doubles down ‘impeachment time bomb’ warning in foreign...

February 16, 2024

Country music’s Maren Morris goes woke, blasts Trump. Why did...

September 24, 2023

Existing Home Sales Continue to Plunge

December 21, 2022

Vital Western alliance countries’ heavy dependence on China is a...

August 3, 2024

House Republicans blast ‘cry wolf’ conservatives who tanked FISA renewal...

April 11, 2024

Iran’s military supply line to Houthi terrorists exposed by dissident...

May 25, 2024

BTC and ETH: Technical Analysis of Recent Price Action

October 29, 2024

UN official causes uproar over claim that Israel doesn’t have...

November 17, 2023

Trump indicted on charges out of Special Counsel probe into...

August 2, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Bitcoin loses bullish momentum on Monday...

    October 8, 2024

    Biden admits ‘bull’s-eye’ comment about Trump...

    July 16, 2024

    State of the Union: Rep. Scott...

    February 8, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here