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via rttnews.comEconomy

U.S. Durable Goods Orders Jump 1.8% In September, More Than Expected

FROM THE WIRE · RTTNEWS.COM

Largely reflecting a surge in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods shot up by more than expected in the month of September.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishMacro data above expectations, driven by transportation, with moderate effects on US indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. durable goods orders rose 1.8% in September.
  2. 02The gain was driven by a surge in transportation equipment orders.
  3. 03The report was released by the Commerce Department.

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