FX.co ★ US Durable Goods Orders Fall More than Expected

In October 2025, new orders for US-manufactured durable goods experienced a decline of 2.2% from the previous month, reaching $307.4 billion. This decrease more than offset the revised 0.7% increase observed in September and was steeper than the anticipated 1.5% drop. The decline was significantly impacted by transportation equipment, which saw orders fall by 6.5% to $103.8 billion. This was largely due to steep decreases in both nondefense aircraft orders, which plummeted by 20.1% to $17.4 billion, and defense aircraft orders, which dropped by 32.4% to $6.1 billion. Orders for capital goods also fell by 5.6% to $107.4 billion, while primary metals orders saw a modest decline of 0.7% to $27.2 billion. Conversely, there was an increase in orders for fabricated metal products, up by 0.5% to $41.9 billion, and machinery, which rose by 0.8% to $40 billion. Additionally, non-defense capital goods orders excluding aircraft, a vital indicator of business investment plans, increased by 0.5%.