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Orders to U.S. factories rose broadly in September, thoughts?

WASHINGTON (AP) -- Orders to U.S. factories rose broadly in September, propelled by business spending on commercial airplanes, boats and machines.

The Commerce Department said Wednesday that factory orders rose by 2.1 percent in September, the steepest increase since January. Orders were flat in August.

Excluding the volatile transportation sector, orders rose 0.4 percent, after gaining 1.3 percent in August.

Business spending on big-ticket goods such as airplanes and heavy machines produced most of the demand. But consumer spending also rose by 1.0 percent, after running flat in August.

Economists have worried that recession-weary consumers will not spend enough to keep factories moving as business spending subsides. Wednesday's report may ease those fears.

 
sweet-a-kins

Asked by sweet-a-kins at 10:35 AM on Nov. 3, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
This question is closed.
Answers (11)
  • That makes me cautiously happy.
    urkiddingright

    Answer by urkiddingright at 12:08 PM on Nov. 3, 2010

  • How can we be recession weary if the recession ended over a year ago?
    lovinangels

    Answer by lovinangels at 10:38 AM on Nov. 3, 2010

  • Seems you forgot this little tidbit in the article:
    Excluding defense and transportation, capital spending by businesses edged down by 0.2 percent. Capital spending is a proxy for businesses' longer-term investments.
    SweetLuci

    Answer by SweetLuci at 11:23 AM on Nov. 3, 2010

  • weary means tired of, not afraid of.
    SuperChicken

    Answer by SuperChicken at 10:43 AM on Nov. 3, 2010

  • Christmas is 52 days away
    itsmesteph11

    Answer by itsmesteph11 at 11:27 AM on Nov. 3, 2010

  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 10:35 AM on Nov. 3, 2010

  • How can we be recession weary if the recession ended over a year ago?


    The fear of going back in (double dip)

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 10:40 AM on Nov. 3, 2010

  • Actually didn't "forget"...its a good sign..

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 11:26 AM on Nov. 3, 2010

  • Nope, no thoughts.
    jewjewbee

    Answer by jewjewbee at 2:10 PM on Nov. 3, 2010

  • ^


    figures

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 2:12 PM on Nov. 3, 2010

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