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Orders for U.S. Durable Goods Increase on Aircraft Demand

Bloomberg (10/25/13) Jeanna Smialek

According to the U.S. Department of Commerce, orders for U.S. durable goods rose by the most in three months in September, fueled by a strong demand for commercial and military aircraft that overcame a drop in business equipment.

Orders for goods meant to last at least three years rose 3.7% after a revised 0.2% increase in August. Bloomberg economists had forecast a gain of 2.3%. Demand for capital equipment fell 1.1%. Strong domestic auto and housing markets are continuing to bolster expansion.