Investing.com - U.S. orders for long lasting manufactured goods rose more than forecast in September, bolstering optimism over the U.S. economy, according to official data released on Wednesday.
Total durable goods orders, which include transportation items, increased by 2.2% last month, the Commerce Department said, compared to economists' expectations for a gain of 1.0%. August’s orders rose 2.0%.
Durable goods are typically bulky or heavy manufactured products designed to last at least three years.
Core durable goods orders, which exclude volatile transportation items, rose by 0.7% last month, compared to forecasts for a 0.5% increase.
August core durable goods orders rose by 0.7%, which was an upward revision from a 0.5% gain.
Durable orders excluding defense rose 2.0% last month, slowing from an upwardly revised 2.6% in August.
Durable goods, excluding defense and aircrafts, advanced by 1.3%, compared to expectations for a 0.5% gain.
The previous month registered a rise of 1.3% which was a slight upward revision from an initial rise of 1.1%.