Investing.com – U.S. core durable goods orders rose significantly more-than-expected in September, official data showed on Wednesday.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, jumped by a seasonally adjusted 1.7% in September, blowing past expectations for a 0.5% increase.
The previous month’s figure was revised to a decline of 0.4% from a previously reported 0.1% drop.
The report showed that durable goods orders, which include transportation items, fell for the second consecutive month in September, declining by a seasonally adjusted 0.8%, after falling by an unrevised 0.1% in August.
Analysts had expected durable goods orders to fall by 0.7%.
Shipments of core capital goods declined by 0.9% in September. The U.S. government uses the shipments data to help calculate gross domestic product.
Following the release of the data, the U.S. dollar remained modestly lower against the euro, with EUR/USD edging 0.12% higher to trade at 1.3925.
Meanwhile, U.S. stock index futures were largely unchanged after the release of the data. The Dow Jones Industrial Average futures indicated an increase of 0.75%, S&P 500 futures pointed to a 0.65% gain, while the Nasdaq 100 futures added 0.25%.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, jumped by a seasonally adjusted 1.7% in September, blowing past expectations for a 0.5% increase.
The previous month’s figure was revised to a decline of 0.4% from a previously reported 0.1% drop.
The report showed that durable goods orders, which include transportation items, fell for the second consecutive month in September, declining by a seasonally adjusted 0.8%, after falling by an unrevised 0.1% in August.
Analysts had expected durable goods orders to fall by 0.7%.
Shipments of core capital goods declined by 0.9% in September. The U.S. government uses the shipments data to help calculate gross domestic product.
Following the release of the data, the U.S. dollar remained modestly lower against the euro, with EUR/USD edging 0.12% higher to trade at 1.3925.
Meanwhile, U.S. stock index futures were largely unchanged after the release of the data. The Dow Jones Industrial Average futures indicated an increase of 0.75%, S&P 500 futures pointed to a 0.65% gain, while the Nasdaq 100 futures added 0.25%.