With orders for transportation equipment soaring, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods spiked by much more than expected in the month of September.
The report said durable goods orders shot up by 4.7 percent in September following a revised 0.1 percent dip in August.
Economists had expected durable goods orders to jump by 1.5 percent compared to the 0.1 percent uptick that had been reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.