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Business Briefing / Manufacturing

Durable goods orders rise 1%

October 29, 2009|Times Wire Reports

Orders to U.S. factories for big-ticket manufactured goods rose in September as the biggest jump in demand for machinery in 18 months offset weakness in commercial aircraft and autos.

It was the second advance in three months for durable goods orders, a hopeful sign for the manufacturing sector.

The Commerce Department said orders for items expected to last at least three years rose 1% last month, matching economists' expectations.

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