New orders for durable goods rose in September, according to the US Census Bureau report released moments ago. The increase was $1.5 billion, or 0.5%, reaching $313.7 billion, compared to a 2.9% rise in August. This figure matched market expectations. Meanwhile, core orders, excluding transportation, rose 0.6% in July, compared to a 0.3% increase in August (expectations were for 0.2%).

Specifically, new orders excluding defense rose by approximately 0.1%, down from 1.9%. Orders for transportation equipment led this increase for the second consecutive month, rising 0.4%, or $0.4 billion, to reach $110.7 billion.