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Oct 28: Durable Orders up 1% – Economic Highlights

Source: http://www.zacks.com/stock/news/26546/Oct+28%3A+Durable+Orders+up+1%25+-+Economic+Highlights
 Posted on Wednesday, October 28th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Durable Orders increased by 1%, $1.6 billion, during September to $165.7 billion, in line with the expected 0.9% gain, following a 2.6% decrease in August and a 4.8% increase in July.  Machinery had the largest increase, by 7.9%, $1.7 billion, to $23.4 billion, and had been up five of the last six months.  Over the past 12 months, Durable Orders have dropped by 24.1%.

New Home Sales for September are expected today at 10:00 AM EST to increase to a 437,00 annual pace, following an increase of 0.7% in August to an annual pace of 429,000 homes with a median sales price of $195,200 and an average sales price of $256,800.

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