Here come durable goods ...


factory worker welder sparks

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The Department of Commerce will release a preliminary report on durable goods orders during September at 8:30 a.m. ET.


Economists estimate that orders for goods built to last were flat in September, according to Bloomberg. Excluding transportation orders which are usually quite volatile, so-called core durable goods are estimated to have increased by 0.2%.

Capital goods orders for nondefense items excluding aircraft are forecast at -0.1%.

Durable goods provide a window into business spending, which has contracted every quarter since the last three months of 2015. That's partly because of weakness in sectors that were exposed to the drop in oil prices.

The full report will be released on November 3.


More to come ...