Orders for durable goods increased 0.8% in September, the third gain in the last four months, the government said Thursday.
The gain was well above expectations. Economists surveyed by MarketWatch had forecast a 1.9% drop in durable goods following a 4.6% jump in the prior month. The rise in September was powered by orders for transportation and defense goods.
Excluding transportation, orders rose 0.1%. Excluding defense, orders were down 0.6%. Orders for core capital goods, closely watched by economists, fell 0.1%. Shipments of durable goods rose 1.3% in September.
Source : Market Watch