f-h OP BW & Friends-TTT, Dienstag 28.10.2003
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U.S. durable goods orders strengthen
By Rex Nutting
WASHINGTON (CBS.MW) - Orders for new durable goods rose a modest 0.8 percent in September while August's decline was revised higher, the Commerce Department estimated Tuesday. A sharp 26.7 percent drop in orders from the Pentagon held down durable goods orders in September. Excluding defense goods, orders rose 2.6 percent, the best since June. Orders for core capital investment goods rose 3.9 percent, the biggest gain since 5.1 percent in March. Economists were expecting durable orders to rise about 1.2 percent in September, but they weren't counting on the August revision, which turned a 1.1 percent loss into a negligible 0.1 percent decline. Taking the two months together, orders were higher than expected.
