Business investment in durable goods rose in Sept.
Durable goods orders fell in Sept., but orders for core capital goods rose by most in 6 months
, On Wednesday October 26, 2011, 8:38 am
WASHINGTON (AP) -- Companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, a positive sign for the sluggish economy.
The Commerce Department says overall demand for durable goods fell 0.8 percent. But that was largely because of a 25.5 percent drop in volatile commercial aircraft orders.
Outside of transportation, orders rose 1.7 percent. And business investment in core capital goods rose 2.4 percent, the biggest increase in six months. The gain was a sign that companies are sticking with their investment plans despite slow growth and weak consumer spending..
