WASHINGTON — Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand. The Commerce Department said Thursday that orders increased 4.5 per cent in August, the most in six months. U.S. manufacturing is expanding at a solid pace, with orders up 9.2 per cent year-to-date. A category of orders that is a proxy for business investment fell 0.5 per cent in August after two strong months. Orders for metals such as steel and aluminum rose 0.9 per cent, after two months of flat or declining demand.

Source: National Post September 27, 2018 12:45 UTC