Durable Goods Orders Rise on Transportation

New orders for durable goods rose 3.4 percent last month, paced by transportation equipment, the Commerce Department said today. New orders increased $8.5 billion to $256.6 billion, according to a monthly report. It was the ninth consecutive monthly gain. The transportation category surged 7.8 percent to $85.1 billion. The sector has posted eight increases in the past nine months.
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