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US durable goods orders rise 1.9% as manufacturing grows for 5th straight month

US durable goods orders rise 1.9% as manufacturing grows for 5th straight month

Orders for durable goods such as autos and metal parts rose 1.9% in Sept. for fifth consecutive month and business investment gained momentum again indicating a gradual expansion among US manufacturers that have led the way in the US economic recovery. This increase in orders last month comfortably surpassed economists expectations surveyed by MarketWatch who had forecasted a 0.2% decline.

Milan
Milan
Seekster
Seekster 0 months

Oh look...more economic recovery.

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