US manufacturing durable goods new orders were up 2.9% MoM (vs -0.5% MoM expected) and 7.1% YoY in August, driven by strong transport equipment new orders.

• Excluding transportation, durable goods new orders were up 0.4% MoM and 1.9% YoY, ahead of expectations of no growth.
• Fabricated metal products (+0.7% MoM) and machinery (+1.3% MoM) both saw strong monthly growth, building on strong gains in July.
• Nondefense capital goods (ex-aircraft) new orders were up 0.6% MoM in August after a 0.8% MoM rise in July.
• Core capital goods shipments were a bit weaker than new orders, dropping -0.3% MoM, as a results core capital goods unfilled orders increased 0.2% MoM.
• In total, durable goods unfilled orders jumped 0.7% MoM and were up a sharp 7.7% YoY.