Durable Goods Orders Up, Manufacturing Weak

Washington, DC, Oct. 27, 2010 — Durable good orders rose 3.3% in September, a higher than expected number, the Commerce Department reported Wednesday.

Civilian aircraft accounted for most of the increase in September. Aircraft orders rose 105% in September after a 30% decline in the prior month.

Excluding the 15.7% rise in transportation orders, durable-goods orders were down 0.8% in September, the second decline in the past three months.

Overall, economists say that manufacturing has lost some of its momentum from earlier this year.