Business investment surges again in September, durable-goods report shows

• October 25, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Durable-goods orders rose 2.2% in September, beating the forecast of a 0.7% gain. Excluding transportation orders increased 0.7%.

Business investment advanced 1.3% for the third month in a row, based on a closely followed measure known as core capital goods orders. These orders have climbed 7.8% in the past year.

Durable-goods shipments jumped 1% in September. Inventories rose 0.6%.