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Factory demand surges in Sept as businesses spend

Factory demand surges in Sept as businesses spend

Orders to U.S. factories rose broadly in September, propelled by business spending on commercial airplanes, boats and machines.
The Commerce Department says that factory orders rose by 2.1 percent in September, the steepest increase since January. Orders were flat in August.
Excluding the volatile transportation sector, orders rose 0.4 percent, after gaining 1.3 percent in August.
Business spending on costly, long-lasting goods such as airplanes and heavy machines produced most of the demand. But consumer spending also rose by 1.0 percent, after running flat in August.
Economists have worried that recession-weary consumers will not spend enough to keep factories moving as business spending subsides. Wednesday's report may ease those fears.