Rolling Machines

Wednesday, October 27, 2010

Economy: Durable Goods Gets Boost from Aircraft Orders - CNBC

New orders for long-lasting U.S. manufactured goods rose more than expected in September as bookings for civilian aircraft surged, but fell when transportation equipment was excluded, a government report showed on Wednesday.

The Commerce Department said durable goods orders increased 3.3 percent, the largest gain since January, after a revised 1.0 percent drop in August. Economists polled by Reuters had expected orders to increase 2.0 percent last month after a previously reported fall of 1.5 percent.

Orders excluding transportation, however, unexpectedly fell 0.8 percent in September after increasing 1.9 percent the prior month. Economists had expected a 0.5 percent gain.

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