Durable goods orders post largest gain in three months

October 29, 2008

U.S. factory orders for durable goods rose 0.8 percent in September, the largest gain in three months. The gain is attributed to a surge in demand for airplanes and autos, according to data from the U.S. Commerce Department.

Commercial aircraft demand soared by 29.7 percent and motor vehicle orders increased by 3 percent, the biggest gain in more than a year.

Outside of transportation, orders fell by 1.1 percent following a 4.1 percent drop in August.