US Durable Goods Orders rise 0.5% in September vs. 0.3% expected

Durable Goods Orders in the US rose more than expected in September.
The US Dollar Index clings to small gains, stays below 100.00.

Eren Sengezer FXStreet

New orders for manufactured durable goods orders in the US rose 0.5%, or $1.5 billion, to $313.7 billion in September, the US Census Bureau reported on Wednesday. This reading followed the 3% increase (revised from 2.9%) recorded in August and came in better than the market expectation for an increase of 0.3%.

"Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 0.1 percent. Transportation equipment, also up two consecutive months, led the increase, $0.4 billion or 0.4 percent to $110.7 billion," the press release showed.

Market reaction

The US Dollar Index edges higher following this report and was last seen rising 0.1% on the day at 99.88.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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