Home / Top Story / Orders for US durable goods rise strong 3 percent in October

Orders for US durable goods rise strong 3 percent in October


The Associated Press

FILE – In this March 13, 2015, file photo, a worker inspects a new 2015 aluminum-alloy body Ford F-150 truck at the company’s Kansas City Assembly Plant, in Claycomo, Mo. The Commerce Department releases its October report on orders for durable goods, items expected to last at least three years, on Wednesday, Nov. 25, 2015. (AP Photo/Charlie Riedel, File)

Associated Press

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By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) — Orders for long-lasting manufactured goods posted a solid gain in October after two months of weakness, while a key category that tracks business investment plans advanced by the largest amount in three months.

The Commerce Department says that orders for durable goods rose 3 percent in October following declines in both September and August. The strength was led by a surge in demand for commercial aircraft but reflected widespread gains in a number of categories, from machinery to computers. A key category that serves as a proxy for business investment spending rose 1.3 percent in October, the best showing since July.

American manufacturers have struggled this year with weakness in many key export markets and a strong dollar, which makes U.S. goods less competitive.

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