Economy
October 25, 2018
Durable Goods Orders Rise Modestly in September
Written by Sandy Williams
New orders rose 0.8 percent in September primarily due to an increase in defense spending. Defense aircraft and parts orders soared 119.1 percent for the largest gain for the sector in more three years. Stripping out the defense category, orders fell 0.6 percent for the month.
Core capital goods, manufactured goods excluding defense and aircraft, dipped 0.1 percent from August, but increased 6.6. percent from a year ago.
