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Article: Factories see spark of recovery Durable goods orders rise in September, but demand remains weak, hiring slow
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 29, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By RICK BARRETT
Orders to U.S. factories for big-ticket manufactured goods rose
in September, but economists and some local business executives
worry that the recovery isn't very stable.
Wednesday, the Commerce Department said orders for items expected
to last at least three years increased nearly 1% last month as the
biggest demand for machinery since March 2008 offset weakness in the
commercial aircraft and automobile industries.
Orders for non-defense capital goods, considered a barometer for
business spending, rose 2% -- the strongest advance since June. A
7.9% increase in orders for machinery, the best showing in 18
months, led the overall improvement in durable goods.
Analysts expect ...