Core Durable Goods Orders Rise Month-over-Month for 18 Consecutive Months, AI Spending Proxy Indicator Declines

U.S. core durable goods orders rose 0.5% month-over-month in September, marking the 18th consecutive monthly increase, slightly below the market expectation of 0.6%, with August data revised upward. During the same period, the growth rate of related categories serving as a proxy indicator for AI spending slowed, while core capital goods shipments rose 1.2% month-over-month, exceeding market expectations.