US Durable Goods Orders Soared In September By Most In Over 3 Years

...thanks to a 92.5% surge in non-defense aircraft orders.

Preliminary durable goods orders in September rose by 6.0% YoY after two consecutive months of declines.

Source: Bloomberg

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%


Source: Bloomberg

Remember that these are all nominal data, i.e. not adjusted for inflation.