Economy
October 25, 2017
Durable Goods Orders Jump 2.2 Percent on Aircraft Surge
Written by Sandy Williams
Durable goods orders were stronger than anticipated in September, rising 2.2 percent and nearly double economists’ expectations. The volatile transportation sector drove much of the increase. Commercial aircraft orders jumped 64 percent after gaining 52 percent in August.
Orders for core capital goods, which exclude defense and aircraft, rose 1.3 percent, and shipments of core capital goods increased 0.7 percent. Together, they indicate growing business confidence and bode well for future investment.
