US capital goods orders rise to the highest level in six years

The US Commerce Department said today that US capital goods orders rose 1.0% in September versus 2.1% in August, the highest level since September 2014.

Analysts had expected core capital goods orders to rise 0.5% in September, and year-over-year orders for core capital goods in the United States fell 0.5% in the twelve months to September.

Durable goods orders rose 1.9% in September after rising 0.4% in August. Auto and parts orders rose 1.5% in September while transportation equipment orders declined 4.1% in September.