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AP
Durable Goods See Biggest Rise in 3 Months
Wednesday September 28, 8:39 am ET
By Martin Crutsinger, AP Economics Writer
Orders for Big-Ticket Durable Goods Rise by 3.3 Percent in August, Fastest Pace in Three Months
WASHINGTON (AP) -- New orders for big-ticket manufactured products rose in August at the fastest pace in three months, providing a reassuring sign that American factories are not headed for another slump.
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The Commerce Department said that orders for durable goods, items expected to last at least three years, jumped 3.3 percent after falling by 5.3 percent in July. Analysts had been expecting a rebound but the rise was far better than the 0.8 percent advance they had forecast.
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Durable Goods See Biggest Rise in 3 Months
Wednesday September 28, 8:39 am ET
By Martin Crutsinger, AP Economics Writer
Orders for Big-Ticket Durable Goods Rise by 3.3 Percent in August, Fastest Pace in Three Months
WASHINGTON (AP) -- New orders for big-ticket manufactured products rose in August at the fastest pace in three months, providing a reassuring sign that American factories are not headed for another slump.
ADVERTISEMENT
The Commerce Department said that orders for durable goods, items expected to last at least three years, jumped 3.3 percent after falling by 5.3 percent in July. Analysts had been expecting a rebound but the rise was far better than the 0.8 percent advance they had forecast.
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