News Summary: Durable US factory goods orders rise

News Summary: Higher aircraft demand lifts orders for long-lasting US factory goods

Associated Press
News Summary: Durable US factory goods orders rise
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In this Wednesday, Sept. 18, 2013 photo, appliances are on display at a Sears store in Berlin, Vt. Commerce Department reports on business orders for durable goods in September Friday Oct. 25, 2013. (AP Photo/Toby Talbot)

HIGH FLYERS: A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods by 3.7 percent in September. But the aircraft orders accounted for nearly all the gain.

LEFT AT THE GATE: Orders for most other durable goods— items meant to last at least three years — fell as businesses cut spending. Orders for core capital goods, including industrial machinery and electrical equipment, fell 1.1 percent. August's 1.5 percent gain was revised sharply lower to 0.4 percent.

THE TAKEAWAY: Economists pay particular attention to core capital goods because they are a sign of business confidence. Other economic data have suggested companies were reluctant to expand or invest in new equipment in September, as budget battles in Washington intensified. .

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