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Non-Tech : Genesis Lease

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From: Brian10/29/2008 11:06:59 AM
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Sept. durable goods rise by largest since June
Wednesday October 29, 9:10 am ET
By Martin Crutsinger, AP Economics Writer
September manufacturing orders post surprising increase, rising by largest amount since June
biz.yahoo.com

WASHINGTON (AP) -- Orders to U.S. factories for big-ticket manufactured goods posted an unexpectedly strong showing in September -- the largest gain in three months -- on a surge in demand for airplanes and autos, government data showed Wednesday.
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The Commerce Department reported Wednesday that orders for durable goods rose by 0.8 percent, surprising economists who had expected a decline. Orders had fallen by 5.5 percent in August, which was the biggest setback in nearly two years.

The September increase was the largest gain since a 1.4 percent rise in June, but all the strength came in the transportation sector. Demand for commercial aircraft, an extremely volatile category, shot up by 29.7 percent and orders for motor vehicles rose by 3 percent, the biggest gain in more than a year.
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