By Ed FranklOrders for longer-lasting goods rose in September by more than expected, after two months of declines, suggesting the outlook is improving for U.S. manufacturers. New orders for products meant to last at least three years, including appliances, computers, cars and other manufactured goods, rose 4.7% on month in September on a seasonally adjusted basis, to $297.2 billion, the Commerce Department said Thursday. September's reading is better than expected by economists surveyed by The Wall Street Journal, who forecast a 2.0% increase. New orders for nondefense capital goods excluding aircraft, a closely watched proxy for business investment, rose 0.6% on month to $74.46 billion, according to the data. Write to Ed Frankl at edward.frankl@wsj.com(END) Dow Jones NewswiresOctober 26, 2023 08:58 ET (12:58 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal October 26, 2023 13:10 UTC