New orders for US manufactured durable goods rose 0.4 percent month-over-month in August of 2020, well below an upwardly revised 11.7 percent jump in July and lower than market forecasts of a 1.5 percent raise. Still, it was the 4th straight month of improvement in orders as the economy recovers from big plunges in March and April due to the coronavirus pandemic. Transportation (0.5 percent), machinery (1.5 percent), and computers and electronics (1.2 percent) led the increase while orders for electrical equipment and appliances (-1.5 percent), motor vehicles (-21.7 percent) and defense capital goods (-3.3 percent) shrunk. Excluding transportation, new orders increased 0.4 percent and excluding defense, new orders rose 0.7 percent. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 1.8 percent, below 2.5 percent in July but above forecasts of 0.5 percent.
Durable Goods Orders in the United States averaged 0.30 percent from 1992 until 2020, reaching an all time high of 23 percent in July of 2014 and a record low of -18.80 percent in August of 2014. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Durable Goods Orders - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Durable Goods Orders in the United States is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders in the United States to stand at 3.00 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2021, according to our econometric models.