BREAKING: EURUSD muted after US Durable Goods 📌
01:30 PM BST, United States - Durable Goods for September:
- Durables Excluding Defense: actual -1.1% MoM; previous -1.3% MoM;
- Durable Goods Orders: actual -0.8% MoM; forecast -1.1% MoM; previous -0.8% MoM;
- Core Durable Goods Orders: actual 0.4% MoM; forecast -0.1% MoM; previous 0.6% MoM;
In September 2024, U.S. durable goods new orders fell by $2.2 billion, or 0.8%, to $284.8 billion, driven by a 3.1% drop in transportation equipment orders. Shipments also decreased by $1.8 billion, or 0.6%, to $287.3 billion, largely due to transportation equipment's 2.4% decline.
Unfilled orders rose slightly by 0.2%, reaching $1,391.2 billion, while inventories declined by $1.0 billion, or 0.2%, to $528.3 billion. Nondefense capital goods orders decreased 4.5%, while defense orders rose by 6.4%.