The United States saw no change in durable goods orders excluding transportation for the month of August, maintaining a steady growth rate of 0.5%, according to the latest data updated on October 3, 2024. This figure replicates the performance from July 2024, where durable goods orders also held at a 0.5% increase compared to the previous June.
This consistent performance indicates a stable demand for durable goods excluding transportation, reflecting resilience in certain sectors of the U.S. economy despite potential volatility in other areas. Durable goods excluding transport is a key indicator as it elucidates the performance of various sub-sectors which are not impacted by fluctuations within transportation-related industries.
The unchanged rate month-over-month suggests that the market for durables, excluding transport, has remained resilient and could potentially signal steady consumer and business activity despite broader economic uncertainties. This stability can be pivotal for economic strategists and investors monitoring the health of the U.S. economy as they evaluate investment opportunities and growth prospects in non-transport sectors.
