Orders for long-lasting factory goods made in the U.S. rose sharply in August, lifted by a surge in aircraft bookings but also showing gains in business equipment that point to resilient investment.
New orders for durable goods increased 2.9 percent from the prior month, the Commerce Department said Thursday. Economists had expected a 0.5 percent decline. The bulk of the increase came from a 7.9 percent rise in transportation equipment, including a jump in commercial aircraft.
Even outside of the volatile transportation category, orders advanced 0.4 percent, better than forecasts for a decline. A key gauge of business investment—nondefense…
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