Economy
November 25, 2016
Durable Goods Orders Increase in October
Written by Sandy Williams
Orders for durable goods in October rose faster than expected by economists. The Commerce Department reported orders were up 4.8 percent to a seasonally adjusted rate of $239.4 billion. Civilian aircraft orders led the increase, jumping 1.4 percent from September to October.
Core capital goods, which are nondefense capital goods excluding aircraft considered to be a proxy for business spending, rose 0.4 percent in October.
