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U.S. Durable Goods Orders Increase on Aircraft Demand

Orders for U.S. durable goods rose in September by the most in three months as stronger demand for commercial and military aircraft outweighed a drop in business equipment.

Bookings for goods meant to last at least three years increased 3.7 percent after a revised 0.2 percent gain in August, the Commerce Department said today in Washington. The median forecast of 67 economists surveyed by Bloomberg called for a 2.3 percent advance. A gauge of demand for capital equipment slumped 1.1 percent, a sign companies pulled back ahead of the partial federal government shutdown.