Durable Goods Orders Rose in September on Defense Spending
Defense aircraft and parts orders surged 119.1% from August, the largest monthly gain in military aircraft orders in more than three years
WASHINGTON—Demand for long-lasting goods produced by U.S. factories rose for the third time in four months in September, driven largely by surging military aircraft orders.
Overall orders for durable goods, manufactured products intended to last at least three years, increased a seasonally adjusted 0.8% in September from the prior month, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had expected a 1.7% decline.
...