Preliminary durable goods orders in September rose by 6.0% YoY after two consecutive months of declines.
This is the largest MoM increase since July 2020.
Orders for ex-transports increased just 0.5% from one month to the next, while orders for ex-defense rose 5.8%.
Defense spending falls 14.4%
Non-Defense Aircraft Spending grew by 92.5%
Remember that these are all nominal data, i.e. not adjusted for inflation.