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2017.10.2508:35:00UTC+00U.S. Durable Goods Orders Rise More Than Expected In September

Orders for long-lasting manufacturing goods surged in September, according to new government statistics released Wednesday. The increase was more than economists had expected.

The U.S. Department of Commerce reported that durable goods orders rose by 2.2% in September. Economists had expected the figure to rise by 1.0%.

Excluding the volatile transportation sector, orders were up 0.7 percent in the month.

Durable goods orders measure orders for items meant to last at least three years, big ticket items like cars and home appliances. The figure is considered a good gauge of the health of the heavy manufacturing sector.

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