A significant increase in transportation equipment and durable goods led an increase in manufacturing activity reported by the U.S. Census Bureau.
Durable goods orders likely improved in September, but the significance of the number is subject to debate when patterns over the preceding five years are examined.
Durable goods orders improved in August, but at a slower rate than earlier this year.
Advance Durable Goods data for July 2010 is relatively strong and shows no indication of a weakening economy. However, order backlogs continue to decline which may lead to reduced employment in this sector.