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Durable Goods Orders Rise for Fourth Time in Six Months
Durable goods orders rose in September for the fourth time in six months, the Commerce Department said Wednesday.
Orders rose 1%, following a 2.6% decline in August. Excluding transportation equipment orders, which tend to be volatile, orders were gained 0.9%.
The increase matched economists’ forecasts, Bloomberg reported.
Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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