Economics
U.S. Durable Goods Orders Rose More Than Forecast in September
- Core capital equipment bookings also exceeded estimates
- Bookings rose for metals, motor vehicles and electronics
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U.S. durable goods orders rose in September by more than forecast, indicating manufacturers continue to benefit from steady demand and lean inventories.
Bookings for durable goods -- or items meant to last at least three years -- increased 1.9% from the prior month following a revised 0.4% rise in August, Commerce Department data showed Tuesday. The median estimate in Bloomberg’s survey of economists called for a 0.5% gain in September.