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Factory orders boosted by aircraft demand

Orders to U.S. factories for manufactured products rose by 2.1 percent in September, the biggest increase in six months, but virtually all of the strength came in a surge in orders for commercial aircraft.
/ Source: The Associated Press

Orders to U.S. factories for manufactured products rose by 2.1 percent in September, the biggest increase in six months, but virtually all of the strength came in a surge in orders for commercial aircraft.

The Commerce Department reported Thursday said that orders for long-lasting durable goods were up 8.3 percent, offsetting a 4.6 percent drop in demand for food, gasoline and other non-durable products.

The increase in durable goods, which was revised up from an initial estimate last week of a 7.8 percent gain, reflected a huge 189.7 percent surge in demand for commercial aircraft.

Excluding airplanes and other transportation products, factory orders would have fallen by 2.4 percent. The drop in non-durable goods was attributed in part to lower prices for petroleum products.