After two straight months of declines, preliminary durables goods orders for September soared 4.7% MoM (far higher than the 1.8% expected), liftinbg orders by 6.0% YoY...

That is the biggest MoM jump since July 2020.

Orders ex-transports rose just 0.5% MoM and ex-defense soared 5.8% MoM.

Defense spending tumbled 14.4% MoM but non-defense aircraft spending soared 92.5% MoM...

Finally, as a reminder, this data is all nominal - i.e not adjusted for inflation.

...thanks to a 92.5% surge in non-defense aircraft orders.
{ai:summary}Durable goods orders for September saw a significant increase of 4.7% MoM, surpassing expectations. The jump is the largest since July 2020. Defense spending declined, but non-defense aircraft spending skyrocketed. #economy

US Durable Goods Orders Soared In September By Most In Over 3 Years

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