Higher aircraft demand lifts orders for long-lasting US factory goods; business spending falls
Oct 25, 2013 / 1:44 pm
WASHINGTON - A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods last month. But orders for most other goods fell as businesses cut spending, a possible sign of concern about the partial government shutdown that began Oct. 1.
The Commerce Department says orders for durable goods rose 3.7 per cent in September, above the 0.2 per cent gain in August. But a 57.5 per cent jump in aircraft orders accounted for nearly all the gain. Durable goods are meant to last at least three years.
Orders for core capital goods, which include industrial machinery and electrical equipment, fell 1.1 per cent. August's 1.5 per cent gain was revised sharply lower to 0.4 per cent. Economists pay particular attention to core capital goods, which exclude aircraft, because they are a sign of business confidence.
Read more Business News
|QHR Technologies Inc||1.18||+0.07|
|Anavex Life Sciences||0.35||+0.01|
|Copper Mountain Mining||1.52||-0.03|
Opportunities to Be Aware of This Year As the 2013 year is coming to an end, individuals should be mindful of year-end tax planning opportunities that will need to be implemented prior to December 31s...
When was the last time you thought about your mortgage? Most people take out a mortgage with their bank for five years and then forget about it. When you took out that mortgage did anyone discuss ot...
Recently, people have been asking me about my recent Stand Up Paddle adventure around the entire Okanagan Lake. Here is an excerpt from an article I wrote with a link at the end to the complete artic...
- WestJet November traffic grows, but load factor dips on higher capacity
- Saputo says it has 13.55 per cent of Australian diary it wants to acquire
- Penalty unclear after Bruce Power misses deadline to get nukes online
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- Building permits up 7.4 per cent in October, Statistics Canada says
- Headphone maker's digital music spinoff Beats Music - formerly MOG - set to launch in January
- Financials punish TSX, dollar slides as central bank leaves rates unchanged
- Loonie falls to May 2010 levels as Bank of Canada leaves rates unchanged
- EU fines group of global banks $2.3 billion for colluding to profit from interest rates market
- Canada posts first trade surplus in 22 months, but exports still weak
- China bars banks from handling bitcoin in new setback for cybercurrency
- Nielsen: Football and other fancy footwork ruled in prime time last week