United States Durable Goods Orders

New orders for US-manufactured durable goods fell by 2.2% from the previous month to $307.4 billion in October of 2025, more than erasing the upwardly revised 0.7% increase from September, more pronounced than market expectations that orders would have fallen by 1.5%. Orders were lower for transportation equipment (-6.5% to $103.8 billion) amid plunges for nondefense (-20.1% to $17.4 billion) and defense (-32.4% to $6.1 billion) aircraft orders, capital goods (-5.6% to $107.4 billion), and primary metals (-0.7% to $27.2 billion). In turn, orders were higher for fabricated metal products (0.5% to $41.9 billion) and machinery (0.8% to $40 billion). Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.5%.