U.S. Durable Orders Rise

Sept. 28, 2005
In another sign that the U.S. economy is likely to post solid growth this year despite higher energy prices and hurricane-halted production, new orders for manufactured durable goods increased in August. Total new orders for durables, generally ...

In another sign that the U.S. economy is likely to post solid growth this year despite higher energy prices and hurricane-halted production, new orders for manufactured durable goods increased in August.

Total new orders for durables, generally big-ticket items such as autos, appliances and airplanes that are designed to last at least three years, were a seasonally adjusted $210.9 billion last month, 3.3% higher than July's $204 billion, the U.S. Commerce Department reported on September 28. In July new orders for durable goods posted a 5.3% decline.

The August increase in new orders was relatively broad-based, with primary metals; fabricated metal products; machinery; computers and related products; communications equipment; electrical equipment, appliances and components; non-defense aircraft and parts; and defense aircraft and parts posting orders gains of at least 3%.

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