The numbers: Orders for durable goods rose 0.8% in September, the government said Thursday, boosted by a sharp increase in orders for defense goods, which offset a fall in civilian aircraft orders. Economists surveyed by MarketWatch had forecast a 1.9% decrease in orders for durable goods—products made to last at least three years—following a 4.6% rise in August.
The headline was stronger than the details of the report. Orders for core capital goods, closely watched by economists, fell 0.1%.
What happened? Check out MarketWatch HERE.