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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Durable Goods Up, Sort Of

Durable goods orders jumped unexpectedly in September, posting a 0.8 percent increase. The number reflects sales of big ticket items and is watched as a barometer of the health of the manufacturing sector. Good news? Sort of, but the number was driven up by a spike in aircraft orders. Transportation is a volatile part of the equation. Excluding transportation, orders were down 1.1 percent -- still a better showing than expected, but a decline nonetheless. In addition, August orders were revised downward, making that month's 4.1 percent decline even sharper.

-- Howard Schneider

By Washington Post Editor  |  October 29, 2008; 8:52 AM ET
Categories:  The Ticker  
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