Durable Goods Orders Up
Yahoo News is reporting that an unexpected gain on large manufacturing goods is adding to the optimism on Wall Street just a day after an over 800 point rise in stocks.
The Commerce Department said today that orders for durable goods - big-ticket items such as cars, appliances and machinery that are expected to last at least three years - rose 0.8 percent in September, despite predictions that they would fall by 1.5 percent.
This is good news for the adhesives and sealants industry, which supplies all that glue to assemble these big-ticket items. Let’s hope that with the holiday season fast approaching, this trend holds steady and durable goods continues to increase.