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U.S. durable goods edge higher, boosted by car demand
Orders for long-lasting U.S. manufactured goods edged higher in August and gave a signal that the factory sector gained a step midway through the third quarter. Durable goods orders rose 0.1 percent during the month, the Commerce Department said on Wednesday. The report showed that shipments of non-military capital goods other than aircraft grew 1.3 percent during the month, snapping two straight months of declines. The reading for these so-called "core" shipments feeds directly into the government's estimates for total economic growth, and the increase supports the view that government austerity is taking only a ... (full story)
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