US Durable Goods Orders Fall More than Expected

2025-12-23 13:35 By Andre Joaquim 1 min. read

New orders for US-manufactured durable goods fell by 2.2% from the previous month to $307.4 billion in October of 2025, more than erasing the upwardly revised 0.7% increase from September, more pronounced than market expectations that orders would have fallen by 1.5%.

Orders were lower for transportation equipment (-6.5% to $103.8 billion) amid plunges for nondefense (-20.1% to $17.4 billion) and defense (-32.4% to $6.1 billion) aircraft orders, capital goods (-5.6% to $107.4 billion), and primary metals (-0.7% to $27.2 billion).

In turn, orders were higher for fabricated metal products (0.5% to $41.9 billion) and machinery (0.8% to $40 billion).

Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.5%.



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New orders for US-manufactured durable goods jumped 5.3% month over month in November 2025, rebounding from a revised 2.1% decline in October and beating market expectations for a 3.7% increase. The gain was driven by a sharp rebound in transportation equipment orders, which surged 14.7% after a 6.3% fall in October, led by a 97.6% spike in civilian aircraft bookings. Elsewhere, orders also rose for electrical equipment, appliances and components (1.7% vs. -0.5%), fabricated metal products (1.0% vs. 0.8%), machinery (0.5% vs. 0.6%), and computers and electronic products (0.2%, unchanged). Excluding transportation, new orders increased 0.5% after a 0.1% gain in October, while orders excluding defense surged 6.6%, reversing a 1.3% decline in the previous month. Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.7%, after a 0.3% gain the previous month.
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US Durable Goods Orders Fall More than Expected
New orders for US-manufactured durable goods fell by 2.2% from the previous month to $307.4 billion in October of 2025, more than erasing the upwardly revised 0.7% increase from September, more pronounced than market expectations that orders would have fallen by 1.5%. Orders were lower for transportation equipment (-6.5% to $103.8 billion) amid plunges for nondefense (-20.1% to $17.4 billion) and defense (-32.4% to $6.1 billion) aircraft orders, capital goods (-5.6% to $107.4 billion), and primary metals (-0.7% to $27.2 billion). In turn, orders were higher for fabricated metal products (0.5% to $41.9 billion) and machinery (0.8% to $40 billion). Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.5%.
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New orders for US-manufactured durable goods rose 0.5% month-over-month in September 2025, following an upwardly revised 3.0% increase in August and exceeding market expectations of 0.3%. Demand for transportation equipment grew 0.4%, compared with 8.0% in the previous month, driven by vehicles (+0.4% vs. +0.6%) and defense aircraft (+30.9% vs. +48.3%). Other sectors also posted gains, including electrical equipment, appliances, and components (+1.5% vs. +0.6%), primary metals (+1.4% vs. +0.5%), computers and electronic products (+0.5% vs. -1.1%), fabricated metal products (+0.5%, unchanged), and machinery (+0.1% vs. +2.2%). Excluding transportation, new orders rose 0.6% in September after a 0.5% gain in August, while excluding defense, they increased just 0.1% following a 1.9% rise the prior month. Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.9%, the same as in August.
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