Durable Orders increased by 1%, $1.6 billion, during September to $165.7 billion, in line with the expected 0.9% gain, following a 2.6% decrease in August and a 4.8% increase in July. Machinery had the largest increase, by 7.9%, $1.7 billion, to $23.4 billion, and had been up five of the last six months. Over the past 12 months, Durable Orders have dropped by 24.1%.
New Home Sales for September are expected today at 10:00 AM EST to increase to a 437,00 annual pace, following an increase of 0.7% in August to an annual pace of 429,000 homes with a median sales price of $195,200 and an average sales price of $256,800.
Upcoming Releases
Initial Claims (10/29 at 8:30 AM EST)
GDP-Q3 Adv (10/29 at 8:30 AM EST)
Personal Consumption Expenditures (10/30 at 8:30 AM EST)
