News Column

US Durable Goods Orders Rise 9.9 Percent in September

Oct 29, 2012
Durable Goods

New orders for U.S. manufactured durable goods rose nearly 10 percent in September after posting the largest monthly decrease in more than three years in August, evidence of the nation's bumpy economic recovery, the U.S. Commerce Department reported on Thursday.

Orders for durable goods increased 9.9 percent last month to 218.2 billion U.S. dollars, the department said in a report.

The durable items are expected to last at least three years. The increase was largely triggered by a sharp gain of 31.7 percent in orders for transportation equipment including motor vehicles and nondefense aircraft, the department said.

Excluding the volatile transportation sector, new orders for manufactured durable goods rose 2 percent last month.

Manufacturing has been a bright spot for economic recovery and job creation since the recession ended. But after posting strong gains over the second half of 2011 and into the first quarter of 2012, manufacturing production has slowed in recent months.



Source: Copyright Xinhua News Agency - CEIS 2012


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