New orders for US manufactured durable goods slumped 4.4 percent from a month earlier in October 2018, following a downwardly revised 0.1 percent decline in September and worse than market expectations of a 2.5 percent drop. It was the largest fall in durable goods orders since July 2017 as demand for transportation equipment dropped. Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2018, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014.
Durable Goods Orders in the United States is expected to be 2.50 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 1.50 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 2.40 percent in 2020, according to our econometric models.
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