New orders for US manufactured durable goods unexpectedly sank 1.1 percent month-over-month in February of 2021, compared to market forecasts of a 0.8 percent increase. It is the first decline in durable goods order in ten months, mainly due to a 1.6 percent drop in transportation, namely motor vehicles (-8.7 percent) . Other declines were also seen in orders for computers and electronic products (-1.9 percent), fabricated metals (-0.9 percent), communication equipment (-0.8 percent), machinery (-0.6 percent) and primary metals (-0.5 percent). Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.8 percent, reversing from a 0.6 percent gain in January. Excluding transportation, new orders decreased 0.9 percent and excluding defense, new orders fell 0.7 percent. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2021, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 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 April of 2021.
Durable Goods Orders in the United States is expected to be 20.00 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 0.30 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2022, according to our econometric models.