Durable goods orders jumped 2.2% in September after being revised up slightly for the month of August. A second monthly surge in aircraft orders – up 31.5% in September – contributed to those gains. Vehicle orders were flat but will likely pick up with sales to those who are replacing vehicles destroyed by hurricanes and fires in recent months.
Durable goods excluding the highly volatile transportation sector rose a moderate but still solid 0.7% last month, matching the pace of August. Gains outside of the transportation sector were strongest in communications equipment for the second month in a row.