Economy
October 27, 2020
Durable Goods Orders Higher than Expected
Written by Sandy Williams
Orders for durable goods increased for the fifth straight month, up 1.9 percent to $237.1 billion and surpassing expectations. Transportation orders led the increase with a 4.1 percent gain. Automotive orders rose 1.5 percent in September on continued strong sales for SUV’s and light trucks.
The commercial airline industry, showing losses through the pandemic, had a slight reprieve in September with $1.8 billion in orders. In contrast, defense orders for aircrafts and parts declined 46.1 percent from September to October.
