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U.S. Durable Goods Orders Rise Less Than Expected In September
(RTTNews) - A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods increased by less than expected in the month of September.
The Commerce Department durable goods orders rose by 0.4 percent in September following a revised 0.2 percent uptick in August.
Economists had expected durable goods orders to increase by 0.6 percent in September compared to the 0.2 percent dip that had been reported for the previous month.
Excluding a jump in orders for transportation equipment, durable goods orders fell by 0.5 percent in September after coming in unchanged in August. Ex-transportation orders were expected to edge up by 0.2 percent.
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