Economic Buzz: US durable goods orders up 1.8% in September

Durable goods orders in the United States increased by 1.8% in September to reach $345.4 billion, the US Census Bureau reported on Tuesday.

The figure followed a slight 0.1% rise in August, marking the sixth increase in seven months, and came above market expectations. Transportation equipment led the growth, with orders climbing 4.6%, or $5.2 billion, to $119.8 billion.

Excluding transportation, new orders advanced 0.5%, while orders excluding defense rose 2.2%.

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