KKTV - Economy - Headlines

Sept. Durable Goods Rise By Largest Since June

Print
By: Associated Press
Updated: Wed 7:02 AM, Oct 29, 2008
Unsold 2007 Ram pickup trucks sit at a Dodge dealership in the southeast Denver suburb of Centennial, Colo., on Sunday, Sept. 30, 2007. Retail sales posted a stronger-than-expected gain and prices at the wholesale level jumped up significantly in September. The Commerce Department reported Friday, Oct. 12, 2007 that retail sales increased 0.6 percent last month, compared to August, as a big increase in auto sales helped offset weak demand for clothing. The increase was double the gain that economists had been expecting and was also in contrast to reports Thursday of sluggish demand from the nation's leading retail chains. (AP Photo/David Zalubowski)

Unsold 2007 Ram pickup trucks sit at a Dodge dealership in the southeast Denver suburb of Centennial, Colo., on Sunday, Sept. 30, 2007. Retail sales posted a stronger-than-expected gain and prices at the wholesale level jumped up significantly in September. The Commerce Department reported Friday, Oct. 12, 2007 that retail sales increased 0.6 percent last month, compared to August, as a big increase in auto sales helped offset weak demand for clothing. The increase was double the gain that economists had been expecting and was also in contrast to reports Thursday of sluggish demand from the nation's leading retail chains. (AP Photo/David Zalubowski)

Government data show orders to U.S. factories for big-ticket manufactured goods posted an unexpectedly strong showing in September. A surge in demand for airplanes and autos pushed orders up by the largest amount in three months.

The Commerce Department reported Wednesday that orders for durable goods rose by 0.8 percent, surprising economists who had expected a decline. Orders had fallen by 5.5 percent in August, which was the biggest setback in nearly two years.

The September increase was the largest gain since a 1.4 percent rise in June, but all the strength came in the transportation sector. Demand for commercial aircraft, an extremely volatile category, shot up by 29.7 percent and orders for motor vehicles rose by 3 percent, the biggest gain in more than a year.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus

Live Traffic Conditions


Follow Me on Pinterest

KKTV Latest Blogs

Resolution FAQ - (Stacia Naquin)

Updated: 05/14/2013 - I'm still focused on meeting my goal of doing a pull-up. And I'm almost there! But I'm always getting this question:

FIT LIFE: You're Never Too Old - (Stacia Naquin)

Updated: 04/09/2013 - Admittedly, there are days that I just don’t feel like working out. But then I met Viola. And if she can make working out a priority at 99, then none of us have any excuses! Here's how she's living a FIT LIFE:

More KKTV Latest Blogs

KKTV 3100 North Nevada Colorado Springs, CO 80907 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 33499014