Investors got more evidence today that the manufacturing sector expansion continued into late summer/early fall. The key ex-transportation component also came in higher, at 0.4%. And the ex-defense number rose 1.9%. A solid mon…
Investors received some evidence Monday that the manufacturing sector’s expansion continued this summer. While the U.S. Commerce Department announced that factory orders fell 0.5% in August, the more-telling ex-transportation orders actually rose 0.9%….
August’s 1.3% drop in durable goods orders looks bad. But the real story is that the more-telling component that excludes volatile transportation orders rose 2%, doubling a Bloomberg survey’s consensus estimate. So far, Wall St…