Economy
December 1, 2020
Durable Goods Orders Increase for Sixth Month
Written by Sandy Williams
Orders for manufactured durable goods gained 1.3 percent in October, said the Commerce Department last week, marking the sixth consecutive month of growth. Orders totaled $240.8 billion following a 2.1 percent gain in September.
Transportation orders, up five of the last six months, grew 1.2 percent to $77.1 billion. Orders for commercial aircraft and parts surged 39 percent after three months of no sales. Aircraft orders for defense jumped 79 percent in October.
