New orders for big-ticket manufactured products rose in August at the fastest pace in three months, providing a reassuring sign that American factories are not headed for another slump.
The Commerce Department said that orders for durable goods, items expected to last at least three years, jumped 3.3 percent after falling by 5.3 percent in July. Analysts had been expecting a rebound, but the rise was far better than the 0.8 percent advance they had forecast.
