The U.S. durable goods sector held stable in September 2024, with the durable goods order index, excluding transportation, remaining unchanged at a 0.5% increase, consistent with the growth rate observed in August 2024. This steady figure highlights a continued resilience in the durable goods market, even as other economic areas face challenges.
According to data updated in November 2024, the month-over-month review confirms that the durable goods excluding transport indicator did not show any deviation from its previous increase, holding the same growth rate for consecutive months. This stagnation suggests a moment of pause for the sector, with no significant gains or losses indicated for September when compared to August.
Financial analysts watching these figures will note this consistency amid an otherwise fluctuating economic landscape. The durable goods sector is a critical marker of economic health, excluding typically volatile transport segments to provide a clearer picture of broader manufacturing trends. Stakeholders in the manufacturing and investment sectors will await further data to determine if this period of stability will extend into the final months of the year.
