Durable goods orders hint at an economic recovery

Durable goods orders in the US are hinting at an economic recovery.

The demand for long lasting manufactured goods rose 1% in September. It’s the second increase in three months.

Durable goods orders are a leading indicator in manufacturing, providing a good measure of overall business health.

Shipments rose 0.8% in September, while inventories have fallen, for the ninth month in a row, by 1%.

Continued paring of inventories could hold back economic growth.

The US Commerce Department will publish third quarter GDP results on Thursday.

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tags: Economy, USA