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US durable goods orders up by 0.8% in September

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Dion Global

26 Oct 2018

A report released by the Commerce Department said durable goods orders climbed by 0.8 per cent in September after surging up by 4.6 per cent in August.

The unexpected increase in durable goods orders was largely due to a jump in orders for transportation equipment, which shot up by 1.9 per cent in September after spiking by 13.2 per cent in August.