Durable-goods orders in September increased by 3.3% to a seasonally adjusted $199.16 billion, the Commerce Department said Wednesday, the biggest rise since January. Economists surveyed by Dow Jones Newswires expected a 2.5% rise. But excluding transportation, orders for all other durables fell 0.8% last month.
Not including defense, durables orders rose 2.9%. New orders for non-defense capital goods excluding aircraft, a barometer of capital spending by businesses, fell 0.6%.
"Overall, these figures suggest that the industrial recovery is nearing extinction," said Capital Economics economist Paul Dales. "Without it, the overall economy is going to struggle."
Black Swan Insights
Theirs little that will change ib ten years.
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