Commercial equipment orders increase, new orders for durable goods in the United States in September fell less than expected

In September, new orders for durable goods in the United States fell by 0.8%, which was less than the expected 1% decline. The decline in commercial aircraft orders by 22.7% offset the increase in orders for commercial equipment. While orders for cars and metal products increased, orders for computers, electronic products, and machinery decreased. Businesses are cautious about expansion due to rising borrowing costs and uncertainty about future demand. A rate cut by the Federal Reserve may boost demand, but the manufacturing sector faces challenges as the ISM Manufacturing Index has contracted for the sixth consecutive month