THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, November 3, 1995 TAG: 9511030574
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Digest
LENGTH: Short : 25 lines
Factory orders rose strongly in September for the second straight month, spurred by rising business demand for big-ticket durable goods. The nation's big retailers reported dismal sales for October, casting new doubt on the economy's strength. The Commerce Department said Thursday that factory orders climbed 1.5 percent in September on top of a 2.7 percent increase in August that was the biggest gain in nine months. August orders were revised upward from an earlier 2.6 percent estimate. But analysts said much of the most recent increase was concentrated in aircraft, pushing transportation orders up 10.6 percent. Gains are not across the board and do not mean manufacturing is booming, they said. (AP)
KEYWORDS: ECONOMY by CNB