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Durable Goods Orders Up 1.1%

October 27, 1987|From Reuters

WASHINGTON — Orders for expensive manufactured goods rose a strong 1.1% in September, the government said today, but analysts said the stock market crash would bring a downturn in new business later this year.

The rise in September durable goods orders, coming after a 2.4% drop in August, was the best gain since a 2% rise in orders during June and took total orders to a seasonally adjusted $107.8 billion. Excluding defense equipment orders, which fluctuate widely because of the unpredictable timing of military procurement, durable goods orders rose 1.7% last month after falling by 2.2% in August.

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