US durable goods orders rise 1.8% in September, beating forecasts
New orders for manufactured durable goods in the United States rose 1.8% in September, above the 1.4% expected by economists, according to the Commerce Department. The increase was driven by a 4.6% rise in transportation equipment orders. Excluding transportation, orders grew 0.5%, slightly below the 0.6% forecast. The agency revised August to a 0.1% increase, from the 0.1% decline initially reported.
In 30 seconds
- Durable goods orders rose 1.8% in September, versus the 1.4% expected by economists.
- Transportation equipment rose 4.6% and accounted for much of the overall gain.
- Excluding transportation, orders increased 0.5%, below the 0.6% expected.
Read the full story at Revista ADVFN
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.
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