Orders for US durable goods rebounded in September, a positive sign for the manufacturing sector, according to government data released Wednesday. The Commerce Department said new orders for manufactured durable goods expected to last at least three years rose 1.0% in September, matching economists’ expectations. September’s rise in orders followed a 2.6% decline in August and a 4.8% surge in July. A 7.9% rise in orders for machinery, the best showing since an 8.5% surge in March 2008, led the overall increase. Excluding the transportation sector, where orders can vary widely from month to month, new orders rose 0.9% in September after a 0.4% fall in August. Although the manufacturing sector has shown signs of recovery, many economists are worried that demand could falter in the months ahead as various government stimulus programs expire.
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