New orders for US-made capital goods went up 0.7% mom in May of 2022, the third straight month of gains. Figures beat market forecasts of a 0.1% rise, in a sign that business spending plans remain strong so far despite higher interest rates and inflation. Orders for transportation equipment led the increase (0.8%), followed by capital goods (0.8%), machinery (1.1%), and computer and electronics (0.5%). Orders for non-defense capital goods excluding aircraft, a proxy for investment in equipment, rose 0.5%, after a 0.3% gain in April. source: U.S. Census Bureau
Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2022, reaching an all time high of 26.20 percent in July of 2014 and a record low of -21.90 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 July of 2022.
Durable Goods Orders in the United States is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Durable Goods Orders is projected to trend around 0.80 percent in 2023 and 0.30 percent in 2024, according to our econometric models.